Asia Bizz: India’s Oil Minister Murli Deora Says Fuel Price Rise Is Minimal
As the Indian Parliament is boiling by the oppositions anger on the price rise issue, Oil Minister Murli Deora clearly made a statement that the burden on the consumers, in relation to the price rise in LPG is less than Rupee one per day and in kerosene is less than .50 paisa per day.
He said that the Indian government won’t be able to survive without being able to know what the people are undergoing; the price rise which the government has undertaken keeping in mind that it has relatively minimal impact on the peoples livelihood. He compared the LPG price rise against how long the LPG cylinder lasts in a normal household, stating that a rise of Rs.35 is less than a rupee burden on the public as the 14.2 Kg cylinder lasts for at least 30-35 days.
The price rise in the LPG was necessary as the production costs and the retail price difference was becoming unmanageable. International prices are also playing a big role in the fuel price hike.