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Union Petroleum Minister Hardeep Singh Puri on Tuesday said that the Central government is sensitive to fuel price rise while also hinting that the public might get relief (in terms of fuel price) in the upcoming month. "Central Government is very sensitive to this issue (fuel price rise) but it is also very sensitive to see the other responsibilities that we have," Puri said while addressing a press conference. Further, saying that the issue needed to be seen in a larger context, he said, "The central tax on fuel has remained the same at Rs 32, but since the VAT by states is set in percentage, their tax increase as the price of petrol increases internationally."
At the 16th International Energy Forum (IEF) Ministerial in New Delhi, oil ministers and top executives from major companies across the globe have come together to debate the way forward for the energy sector. The focus shall be on how global shifts, transition policies and new technologies influence market stability and future investment in the energy sector.