Question : CRUDE OIL PRICES



(a) whether the Union Government have asked the state-owned oil marketing companies to share the burden of increased global crude prices and not pass it all to the consumers;

(b) if so, whether it has also been pointed out that oil companies cannot increase the prices fortnightly by 25-30 paise in tandem with global prices to keep their rate of returns intact;

(c) if so, the other communications forwarded to these companies; and

(d) the extent to which they have agreed?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS (SHRI SANTOSH KUMAR GANGWAR)

(a): No, Sir.

(b) to (d): Do not arise in view of (a) above.