{"id":29398,"date":"2022-03-15T14:55:14","date_gmt":"2022-03-15T09:25:14","guid":{"rendered":"https:\/\/tradebrains.in\/features\/rsq-fuel-price\/"},"modified":"2022-03-15T15:23:00","modified_gmt":"2022-03-15T09:53:00","slug":"rsq-fuel-price","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/rsq-fuel-price\/","title":{"rendered":"Govt to make calibrated interventions to keep fuel prices under control: MoS Finance"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-300823639\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Mar 15 (PTI) The government on Tuesday said it is keeping a close watch on evolving geopolitical developments and would make &#8216;calibrated interventions&#8217; to keep fuel prices under control to safeguard the interest of the common man.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3097890237\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Minister of State for Finance Pankaj Chaudhary said crude petroleum and natural gas, fuel &#038; power subgroup in the Wholesale Price Index (WPI) is directly related to the fluctuations in the prices of crude oil.<\/p>\n<p>To a question in the Rajya Sabha on whether the government will cut excise duty to keep fuel price escalation due to the Ukrainian crisis in control, Chaudhary said the public sector oil marketing companies (OMCs) take appropriate decisions on pricing of petrol and diesel in line with their international product prices, exchange rate, tax structure, inland freight and other cost elements etc.<\/p>\n<p>&#8220;Government is keeping a close watch on these factors and the evolving geopolitical developments and would make calibrated interventions as and when required to safeguard the interests of the common man,&#8221; he said.<\/p><div class=\"trade-content_5\" id=\"trade-1349648046\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>India relies on overseas purchases to meet about 85 per cent of its oil requirement, making it one of the most vulnerable in Asia to higher oil prices.<\/p>\n<p>Amid the ongoing Russia-Ukraine war, crude oil prices had touched USD 140 a barrel early last week. The prices have cooled since then and are now hovering around USD 102 a barrel.<\/p>\n<p>Giving details of measures taken to keep fuel inflation under control, the minister said central excise duty on petrol and diesel was cut by Rs 5 per litre and Rs 10 per litre, respectively, with effect from November 4, 2021.<\/p>\n<p>Many states governments have also reduced Value Added Tax on petrol and diesel.<\/p>\n<p>&#8220;Consequently, retail prices of petrol and diesel sobered down across the country. In order to safeguard the interests of the common man, retail prices of diesel and petrol have not been revised since November 2021, despite the increase in global crude oil prices,&#8221; Chaudhary said. PTI JD CS  BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-3697487736\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 15 (PTI) The government on Tuesday said it is keeping a close watch on evolving geopolitical developments and would make &#8216;calibrated interventions&#8217; to keep fuel prices under control to safeguard the interest of the common man. Minister of State for Finance Pankaj Chaudhary said crude petroleum and natural gas, fuel &#038; power [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-29398","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Govt to make calibrated interventions to keep fuel prices under control: MoS Finance - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/rsq-fuel-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to make calibrated interventions to keep fuel prices under control: MoS Finance\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 15 (PTI) The government on Tuesday said it is keeping a close watch on evolving geopolitical developments and would make &#8216;calibrated interventions&#8217; to keep fuel prices under control to safeguard the interest of the common man. 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