S Jaishankar, States must take action to reduce fuel prices for citizens, External Affairs Minister Jaishankar
Thiruvananthapuram: Amid concerns over fuel prices, External Affairs Minister S Jaishankar said on Sunday that state governments should take some steps to ease prices for the people.
Speaking to the media here, Jaishankar said, “The oil we are getting is the cheapest available in the world market and this is forcing our government to reduce the price and now the state governments have to take action to relieve it for the people. He may or may not be from Russia, my obligation is to protect my people from rising oil prices.”
The Minister hailed India‘s ongoing COVID-19 vaccination campaign and said the country was capable of finding solutions while facing challenges.
“We are the country that has manufactured its own vaccine. We are one of the few countries that have our own CoWIN app so that everyone who vaccinates has a digital certificate. Today’s India is able to find solutions while facing challenges,” he said.
Referring to India’s fight against COVID, the minister said, “The world sees us today as a nation that has stepped forward during the pandemic. At first they doubted our vaccine, our economy was in doubt. But now we have the self-confidence to prove We are treated better in other countries. Comparing the difficulties in the last two years, we are doing very well. Our position is higher in the world .
Jaishankar is on a three-day visit to the capital of Kerala and will hold several meetings with Bharatiya Janata Party (BJP) leaders.
Although there has been no respite from high gasoline and diesel prices, prices have remained stable for over a month now. The last major revision of fuel tariffs took place on May 21 after Finance Minister Nirmala Sitharaman announced a reduction in the central excise duty. Duty on petrol was then reduced by Rs 8 per liter while on diesel by Rs 6 per litre. This led to a slight drop in gasoline and diesel prices.
Since then, the price of petrol hovers around Rs 100 per liter in major cities like Delhi, Mumbai, Chennai and Kolkata, while the price of diesel in these regions hovers around Rs 95 per litre.
Meanwhile, consumption of petroleum products in India during the month of June soared 17.9% year-on-year to 18.67 million tonnes, data from the Planning and Analysis Cell showed on Saturday. petroleum from the Ministry of Petroleum and Natural Gas.
During the same period of 2021, fuel consumption was 15.84 million tonnes.
Also on a monthly basis, fuel consumption increased slightly over the previous month. An increase in demand for fuels can be attributed to an increase in mobility and the reopening of the economy after the Covid pandemic.
During the same period last year, India was grappling with a severe second wave of the virus, which had severely constrained demand for fuels.