New Delhi, April 23: The Ministry of Petroleum and Natural Gas has dismissed reports suggesting a possible hike in petrol and diesel prices by Rs 25-28 per litre following the assembly elections. In a statement issued on Thursday, the government clarified that there are no such plans under consideration.
The clarification comes after Kotak Institutional Equities released a report speculating that the prices of petrol and diesel could rise significantly once the polling in states like West Bengal concludes on April 29. The report had projected a price increase of Rs 25-28 per litre, assuming that crude oil prices remain near USD 120 per barrel.
Refuting these claims, the Ministry of Petroleum and Natural Gas took to X (formerly Twitter) to confirm there was no official proposal to raise fuel prices.
