The fuel price hike for petrol and diesel is temporary and will be reduced gradually, Union Petroleum and Natural Gas Minister Dharmendra Pradhan said.
He said fuel prices increased due to the rise in international fuel prices.
“Due to the rise in international fuel prices, India also had to increase fuel prices but it is temporary. Gradually they will be brought down,” Pradhan stated.
India is in talks with the oil-producing countries to reduce the prices, he added.
Pradhan said the increase in fuel taxes helps countries to revive the economy, especially in the situation created by COVID-19.
The fuel prices have risen to record levels over the past few weeks.
Opposition parties have been asking the government to reduce fuel prices by reducing excise duty.
(The news is based on ANI)