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Fuel prices up due to higher import cost of crude oil: Narayan Rane

'The import cost of crude oil has gone up. Hence, we (the central government) have to increase the retail prices of petrol, diesel, LPG. Certain things are not in our hands, because we import it,' the Union MSME minister said

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Union Minister Narayan Rane. File Pic

Union Minister Narayan Rane. File Pic

Union minister Narayan Rane on Friday claimed that higher import cost of crude oil was the main reason behind the spiralling retail prices of petrol and diesel.

Replying to questions on rising fuel prices which have touched record levels this year, he told reporters in Ratnagiri district that certain things are not in the government's hands.

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