Petroleum Minister Dharmendra Pradhan has shown good mileage, defending the rise in fuel prices for many years now.
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00:00In an international market, the price of oil has skyrocketed.
00:04How do we purchase our oil? Through dollars.
00:08Oil is so oily, nobody can predict oil price.
00:17Two governments take taxes on petroleum products.
00:20The Indian government and the state government.
00:23We have appealed to all states
00:25to reduce 5% tax on petroleum products based on their needs.
00:34The biggest leap in the last four years
00:38is due to the Syrian crisis.
00:40Iran has been threatened to impose sanctions on the US again.
00:46All these factors have led to an oil price spike in the international market.
00:53The Indian government is concerned about this.
00:56Nobody can predict the price of oil.
01:00The price of oil is so oily, nobody can predict oil price.
01:05Today, Indian currency is stronger than other world currencies.
01:13But how do we purchase our oil? Through dollars.
01:17This is creating problems for us.
01:20All the world's currencies are becoming lighter than dollars.
01:25Dollars have become an international trading currency.
01:30The imbalance between dollars and Indian currency
01:34is also affecting the price of oil.
01:36We have a prediction that the price of oil will increase or decrease.
01:44We have a prediction that the price of oil will increase or decrease.
01:51The price of oil is going up and down from $40 to $44.
01:57This will help to stabilize the market in India.
02:05As the rainy season progresses and the winters decrease,
02:09the price of oil will also decrease.
02:11I accept that the price of oil is creating problems for the consumers.
02:19More than 35,000 crores are being spent on vaccines in India in one year.
02:26We need to invest in development work.
02:31In this difficult time, we should save money and work for the welfare of the people.