CHITRADURGA, May 3: Union Minister for New and Renewable Energy Pralhad Joshi on Sunday asserted that fuel distribution across India remains stable despite mounting pressure on global energy markets due to escalating geopolitical tensions in West Asia and a sharp rise in crude oil prices.
Addressing reporters here, Joshi said the union government was closely monitoring the evolving global situation and had taken steps to ensure uninterrupted fuel availability across the country. He maintained that India’s fuel supply network continued to function smoothly even as international markets witnessed volatility following disruptions in global energy supply chains.
“The rise in gas prices is linked to developments in the international market and fluctuations in crude oil prices globally. Despite these challenges, fuel distribution in the country remains stable,” the Minister said.
Joshi also blamed state-level taxation for the increase in fuel prices and alleged that the Karnataka government had raised petrol and diesel prices three times, further burdening consumers.
The Minister’s remarks came amid growing concern over inflationary pressures triggered by surging fuel and LPG prices. Global crude oil prices have witnessed renewed volatility amid continuing tensions in West Asia, raising fears of further escalation in energy costs worldwide.
Opposition parties intensified their attack on the Centre over the issue. MDMK leader Vaiko strongly criticised the steep hike in commercial LPG cylinder prices, claiming that the price of a 19-kg commercial cylinder had risen by Rs 993, severely affecting restaurants, tea stalls, hotels and small businesses dependent on cooking gas.
Congress leader Rahul Gandhi also targeted the government, alleging that commercial LPG cylinder prices had increased by Rs 1,380 since February, registering an 81 per cent rise in just three months. He warned that petrol and diesel prices could witness further increases if global crude oil prices continue to rise.
Meanwhile, industry analysts cautioned that sustained high crude oil prices could have a cascading impact on several sectors, including aviation and transportation. Rising aviation turbine fuel costs are expected to increase operational expenses for airlines, potentially leading to higher airfares and reduced profitability.
Despite the global uncertainty, the Centre maintained that India’s energy supply position remains under control, with adequate fuel stocks and stable distribution mechanisms in place.
(UNI)
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