News > Modi govt denying people benefit of low oil prices: M Veerappa Moily

Modi govt denying people benefit of low oil prices: M Veerappa Moily

When nations around the world have passed on the benefit of plunging oil prices to consumers, the Modi government has irrationally kept petrol and diesel prices at levels prevalent when crude prices had touched an all-time high of $107 few years back, former petroleum minister M Veerappa Moily said Tuesday. Moily said the Congress-led UPA II had taken a conscious decision to do away with the administered price regime and to fix the prices of diesel and petrol in accordance with the benchmark international price.