New Delhi: Petroleum and Natural Gas Minister Dharmendra Pradhan said that fuel prices may come down by Diwali, which is next month.
The comments come amid criticism by opposition parties of a sharp rise in oil prices after the daily rate revision mechanism was introduced by the government recently.
Pradhan, who has been elevated as Cabinet minister this month and given additional charge of the Ministry of Skill Development and Entrepreneurship, said prices of refinery oil went up because the production of oil dropped by 13 percent in the US due to floods.
When asked about bringing oil under the Goods and Services Tax (GST), Pradhan said that he hoped that it might be brought under the GST. “It will extend an enormous benefit to customers.”