November 20, 2019
Manish Gupta asks Supplementary Questions on prices of petroleum products
FULL TRANSCRIPT
Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:
(a) whether it is a fact that global crude oil prices have risen considerably during the year 2019, if so, the details thereof;
(b) whether some sanction on supply of crude oil has resulted in decline in supply as well as rise in oil prices; and
(c) the details of the action being proposed by Government to alleviate the sufferings of the common man due to increase in the prices of cooking gas, petrol and diesel?
FIRST SUPPLEMENTARY QUESTION
Sir, through you, I would like to request the Hon’ble Minister to kindly clarify that in your reply which is quite detailed, you have cited the usual reason of demand and supply, geo-political situation, policies of trade in oil producing countries.
India is dependent on them. Eighty five percent of our oil is imported. The question is whether you are thinking of the future. Geo-political situations may arise; we have to protect ourselves.
After USA, China and India are the second and third largest consumers of oil. Are you thinking of some sort of a partnership so that this eighteen percent of total oil which is imported by India and China, whether you two together can bring some pressure on the OPEC countries?
SECOND SUPPLEMENTARY QUESTION
Sir, in the last six days of back to back price hikes, petrol prices have gone up by 75 paise. If you take the last ten days, there is an increase of Re 1 per litre. This is affecting the daily livelihood, the domestic industry and prices. What is the ministry thinking as to how they want to alleviate this suffering of the people?
