look news india
Price of petrol and diesel: India has been buying crude oil from Russia at very cheap rates for a long time. Despite this, Trinamool Congress (TMC) MP Saket Gokhale on Monday (November 4) targeted the NDA government at the Center for not reducing the prices of petrol and diesel. He said, “Indian oil companies have made huge profits by buying ‘cheap’ oil from Russia, but the common people are not getting any benefit from it as fuel prices in the country are still skyrocketing.”
attacks on government
TMC Rajya Sabha MP Gokhale shared a post on social media platform X and said, 'Modi government should clarify why the benefit of buying cheap oil from Russia is not reaching the common people. The very shameful truth behind the prices of petrol and diesel in India. After Russia's attack on Ukraine in February 2022, Western countries imposed sanctions on it. The result was that Russia was forced to sell crude oil at less than $60 per barrel. India has emerged as the world's largest buyer of oil from Russia. For the last 2.5 years, India has been buying oil from Russia at 25 percent discount, but who benefited from this?
India is refining Russian oil
Gokhale said, 'India has now become the largest exporter of refined petroleum in Europe. Basically, we are refining Russian oil. Since Europe cannot buy oil directly from Russia, we import crude oil from Russia, refine it into petrol and diesel and sell it to Europe. This has resulted in huge profits for Indian private petroleum companies. Which is owned by corporates very close to Modi. However, despite importing oil at 25-50 percent cheaper rates, there has been no change in the prices of petrol and diesel in India.
The general public is being looted
Saket Gokhale said, 'Modi government claims that importing oil from Russia is in India's interest. But does India's interest mean the welfare of our people or does it mean more profits for private petroleum companies? It is a matter of shame that the common people of India are being looted by the Modi government and they are not getting any benefit by importing oil from Russia at cheap rates and they are being forced to pay higher prices.
India is the world's third largest importer
It is noteworthy that according to a report released by the Center for Research on Energy and Clean Air (CREA) in August, India, the world's third largest oil consumer and importer, purchased crude oil worth $ 2.8 billion (Rs 23.56 thousand crore). From Russia in July. According to the report, before the Ukraine war, India was buying less than one percent of its total oil requirement from Russia, but now India imports about 40 percent of its total oil purchase from Russia.