Fuel Prices: Petroleum and Natural Gas Minister Dharmendra Pradhan said today that fuel prices may come down by Diwali, which falls next month.The comments come amid criticism by opposition parties of a sharp rise in oil prices after the daily rate revision mechanism was introduced by the government recently. “Fuel prices may come down by Diwali festival,” said the minister who was on a brief visit here.On being asked about margin of the oil companies, he said they are being run by the government.
“And everything is crystal clear,” he said, ruling out “higher margins” for the companies.When asked about bringing oil under the Goods and Services Tax (GST), Pradhan said that he hoped that it might be brought under the GST. “It will extend enormous benefit to customers.
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