PSU NEWS
Oil minister Dharmendra Pradhan rules out intervention
NEW DELHI: Oil minister Dharmendra Pradhan rules out intervention on daily fuel price revision. He clarified that 42% of Excise Duty Collected by Centre goes to States. Approx. 65-75% of Taxes on Fuel goes to the states.
Petroleum Pricing Mechanism in India is the most transparent in the world. Price-builtup is available on the websites of PPAC & all OMCs.
Prices of Petrol/Diesel are linked with the product prices in the International Market. Crude Price is just one component of it.on daily fuel price revision.
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