Business Desk: Union Petroleum Minister Dharmendra Pradhan has attributed the rise in prices of petrol and diesel to the crude oil production cuts in the international market. Pradhan said that there are two main reasons for rising fuel prices. Crude oil production in the international market has been reduced. Producing countries are reducing oil production to increase their profits. Therefore, it is becoming expensive for crude oil buying countries.
Pradhan said, "We are urging petroleum exporting countries ie OPEC and OPEC Plus countries that this should not happen. We hope that this will change very soon. '
Dharmendra Pradhan said, 'Crying another cause is virus. We have to do many types of development work. For this, the central and state governments are collecting taxes. Spending on these development works will generate more employment. The government has increased its investment and 34% more capital will be spent in this budget. He further said, 'State government spending will also increase. That is why we need this tax. There is also a need for balance. I believe the finance minister can find a way out.