Union petroleum minister Dharmendra Pradhan ruled out any rollback in deregulation of petrol and diesel prices. However, he said the government would protect the interest of common people and not let petroleum price go very high.
Speaking to reporters on his government’s four years’ achievements, Pradhan said, “We cannot go on reforms (in the sector). There is no question of rollback on deregulation.”
The government would take a holistic view on retail fuel pricing. Besides global oil prices, tax and volatility in exchange rates played