Dharmendra Pradhan to oil exporting nations: Ease output cuts

For the first time ever, the price of petrol crossed the Rs 100 per litre mark in Rajasthan’s Sri Ganganagar district after fuel rates were hiked by 25 paise per litre each. Petrol in Delhi costs Rs 89.54 per litre and diesel Rs 79.95. In Mumbai, petrol price rose to Rs 96 a litre and diesel was priced at Rs 86.98. “I am appealing for easing of production cuts by the key oil exporting countries including the OPEC and OPEC+ group. I have always maintained that price should be reasonable and responsible also,” said Pradhan while addressing an International Energy Forum.

Major oil exporting countries had cut output last year, as demand for crude oil crashed due to the Covid-19 pandemic with the price of Brent crude falling below $20 per barrel in April.