Hardeep Puri promises to cushion consumers from oil shock in coming months

NEW DELHI: The government on Monday assured that it will take all measures needed in the coming months to ensure that consumers get relief from high fuel prices and keep an eye on the possibility of supply disruption due to the Russia-Ukraine conflict.
India is also examining the issues related to Russia’s offer of crude at discounts, oil minister Hardeep Singh Puri said in reply to queries on high oil prices raised in the Rajya Sabha on Monday.
Sharing data from the US, Canada, France, Germany, UK, Spain to show how petrol has become costlier by 50-58% in these countries against 5% in India.
“We should be rejoicing in that. Instead, we are hearing why prices have gone up,” he said. Oil prices, he observed, had shot up from $19.56 a barrel (in April/May 2020) to $130 at one stage and currently hovering around $109.
The current spike in oil prices is “emanating from a war-like…

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