• Source:JND
Add as a preferred

The Ministry of Petroleum and Natural Gas on Thursday issued a clarification following news reports indicating a price hike of petrol and diesel. The government said that there is no such proposal under consideration and that such news items were designed to create panic and fear among people.

“India is the only country where petrol and diesel prices haven’t increased in the last 4 years. Govt of India and Oil PSUs have taken relentless steps in order to insulate the Indian citizens from steep increases in international prices,” the government said in a post on X.

Earlier, Kotak Institutional Equities said that petrol and diesel prices in India could see a hike of Rs 25-28 per litre following the state assembly polls.

ALSO READ: Bengal Poll Violence: Several Injured After Crude Bomb Hurled At Crowd In Murshidabad’s Nowda

Amid the Iran-US ceasefire, the domestic equity market traded sharply lower in early trade on Thursday as Crude prices crossed USD 100 again amid an escalation in geopolitical tension.

At the time of writing, the BSE Sensex was trading at 78,077.77, down 438.72 points or 0.56 per cent. NSE's Nifty50 was quoted at 24,280.95, down 97.15 points or 0.40 per cent. Weak global cues and persistent foreign fund outflow also dragged the sentiment. Meanwhile, Brent crude, the global oil benchmark, was trading above the USD 100 per barrel level. At the time of writing, Brent Crude was at USD 103.3 per barrel.

ALSO READ: Bengaluru Woman Cites Boyfriend's Closeness To Ex, Refusal To Marry As Reasons To Burn Him Alive

In early trade, the 30-share BSE index tumbled 532.83 points to 77,983.66, while Nifty plummeted 175.75 points to 24,202.35.


Also In News