When the war crisis in West Asia was escalating, crude oil prices surged from $70 to $122 per barrel within just a few weeks. India was then faced with the difficult choice of raising diesel prices by at least ₹50 per litre.
However, the government took a decision in the interest of farmers. We decided that the full burden of international market shocks would not be passed on to the country’s citizens and farmers.
The government raised diesel prices by just ₹7 per litre and absorbed the remaining burden of ₹43 per litre.
-PM @narendramodi
However, the government took a decision in the interest of farmers. We decided that the full burden of international market shocks would not be passed on to the country’s citizens and farmers.
The government raised diesel prices by just ₹7 per litre and absorbed the remaining burden of ₹43 per litre.
-PM @narendramodi