Rise in LPG prices due to 'global reasons', says Dharmendra Pradhan

Image
ANI General News
Last Updated : Feb 20 2020 | 5:41 PM IST

Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Thursday said that the recent rise in LPG prices is due to "global reasons"."This month, prices have increased due to global reasons, LPG prices probably will witness a decline in next month," Pradhan told ANI here.

The minister made the remarks in reference to the recently announced cooking gas price hike by a whopping Rs 140 per cylinder during his two-day visit to Chhattisgarh.

As per the schedule, after reaching Raipur, Pradhan will leave for Bhilai Steel Plant to review the plan on expansion with officials.

On Friday, the union minister will visit Dalli Rajhara to lay the foundation of the beneficiation of the plant. Union Minister of State for Steel, Faggan Singh Kulaste, will also attend the programme.

Earlier, Pradhan had reiterated that the hike in LPG prices is not in his hand.

"Hike in LPG prices depends on global markets and consumption. Energy is a global commodity which sometimes goes up and sometimes goes down. It is not in my hand," he had told ANI.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 20 2020 | 5:08 PM IST

Next Story