“Because of the Taliban Crisis…” – BJ PHL Explains Oil, Gas Prices

Aravind Ballad is a BJP MLA from the Hubli-Darad West constituency.

Bengalru:

Looking for someone to blame for the price of gasoline, diesel and gas?

Try the Taliban and the crisis in Afghanistan.

This price increase is a confirmation of the Karnataka BJ PML – an increase that began in May, continued for several consecutive days and continued into the following months.

The Taliban crisis in Afghanistan has led to a sharp drop in oil supplies. As a result, prices for LPG, fuel and diesel are rising. Voters are mature enough to understand the reasons for inflation. Hubli-Darad West is a constituency.

India is the world’s third largest importer of crude oil (and consumer), but Afghanistan is not one of the major exporters.

According to Reuters, the six countries that will sell crude oil to India from July 2021 are Iraq, Saudi Arabia, the United Arab Emirates, Nigeria, the United States and Canada.

The situation in Afghanistan has the potential to affect oil and gas prices, but such effects are not yet clear, and the international community (and especially oil-producing countries) is still cautious in its dealings with the Taliban and the Afghan government.

In June, Reuters reported that Indian crude oil importers had cut production in the face of a second wave of cornevirus, reaching an eight-month low.

Over the past several months, rising prices for gasoline and diesel and LPG cylinders have drawn strong criticism from both the opposition and members of the public about the government of Narendra Modi, among whom crores are struggling to make ends meet. .

The government defended itself by accusing the opposition; Last month, Finance Minister Nirmala Citraman said the UPA government, led by Congress, had to bear the cost of oil bonds and could not cut costs.

In the seven years since the party and Rahel Gandhi BJP came to power, Congress has returned, accusing it of earning more than 23 million rubles.

When the UPA left office, an LGP cylinder now cost 410 to 885 rubles – an increase of 116 by Mr. Gandhi. He said oil prices have increased by 42 percent and more than 55 percent since 2014.

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