Parliamentary panel members query high govt officers over rising costs of petroleum merchandise

Several members of a parliamentary panel on Thursday questioned high Petroleum Ministry officers over rising costs of petroleum merchandise and what’s being finished to test it, sources stated.
Petroleum Secretary Tarun Kapoor and high officers of state-run companies IOCL, BPCL, HPCL and GAIL appeared earlier than the Parliamentary Standing Committee on Petroleum and Natural Gas Affairs.
Several committee members, primarily these from opposition events, posed questions on the frequent rise in costs of petroleum merchandise and stated that it was severely impacting family finances of frequent individuals, in response to the sources.
Ministry officers instructed the panel that costs of petroleum merchandise are linked to worldwide crude costs, sources stated.
A member from the opposition strongly countered the officers’ argument and stated that even when the worldwide crude costs come down, the costs in home market stay on the upper facet, sources stated.
Some members additionally stated the choice on revising petroleum costs is commonly taken primarily based on elections.
According to the sources, it was raised within the assembly that petrol worth is above Rs 100 per litre in as many as seven states whereas it’s hovering round Rs 100 in lots of others