Kiren Rijiju defends hike in fuel prices, says several countries witnessed 20% to 100% rise
New Delhi [India], May 15 (ANI): Union Minister Kiren Rijiju on Friday defended the hike in fuel prices, comparing the 3.2% and 3.4% price increase in petrol in India to other countries, claiming that they witnessed the hikes ranging from 20% to nearly 100% due to the West Asia conflict.
Praising Prime Minister Narendra Modi's leadership for balancing economic stability with public welfare, he credited the government for governing with responsibility and putting people first while making decisions.
"Even as Brent crude crossed $100/barrel & global markets turned volatile, India's public sector oil companies absorbed huge losses for weeks to protect citizens from inflation & economic pressure. This is governance with responsibility. This is leadership that puts people first. Under PM Narendra Modi, India continues to balance economic stability with public welfare," he added.
Rijiju also attached a list of countries that hiked their fuel prices due to the West Asia Conflict. According to the list, Malaysia saw a growth of 89.7% in petrol prices and 112.7% in Diesel prices. The US reported a hike of 44.% in petrol prices and 48.1% in diesel prices. China saw a hike of 21.7% in petrol and 23.7% in diesel prices.
This comes after the Centre on Friday increased petrol and diesel prices by Rs 3 per litre across the country. Following the revision, petrol prices in New Delhi rose from Rs 94.77 to Rs 97.77 per litre, while diesel prices increased from Rs 87.67 to Rs 90.67 per litre.