As per The Economic Times report, Dharmendra Pradhan, Petroleum and Natural Gas Minister said that the surge in price of petroleum products has not impacted the common man.
From June 7, the daily price revision of petrol and diesel has been reinstated after 83-days hiatus due to the coronavirus-led lockdown. And since then out of 23 days, fuel prices have moved upwards for 22 days, leading to nationwide protest by Congress party.
Pradhan taking a defensive stand on price rise said the country as well as global economy is going through unprecedented time which has disrupted both the demand and supply of fuel globally, said the report. Further, due to movement restriction amid the lockdown, petrol and diesel demand went down by 70% during April-May period. But now as the economic activity resumes, demand is being restored to usual levels.
Given the current situation, the latest hike in fuel prices has not impacted the common man, said the report quoting Pradhan."When a problem comes in a family, the person carefully manages the finances to meet future challenges. The hike in fuel price should be seen like this," Pradhan said.
Further as per the report, the minister said that the tax-mop up from diesel and petrol is put to finance health, economic security and employment generation in the country. "Under the Pradhan Mantri Garib Kalyan Scheme, we have provided Rs. 1,70,000 crore under several schemes for poor and farmers," said the union minister.
Also, at the same time he condemns the Congress and its party chief for initiating a nationwide protest on fuel price hike against the centre. And said, "Sonia Gandhi and Congress cannot digest the welfare of poor people".