Prime Minister Narendra Modi met oil company chiefs in New Delhi today to take stock of the global energy scenario even as fuel prices continued to rise across the four major metros.
The increase in transport fuel prices comes amid a continuous surge in global crude oil prices.
Earlier this month, Union Finance Minister Arun Jaitley announced a cut in excise duty by one rupee fifty paise a litre. Additionally, the state-owned oil marketing companies have been mandated to reduce prices of petrol and diesel by one rupee a litre each.
Petroleum Minister Dharmendra Pradhan, NITI Aayog vice-chairman Dr Rajeev Kumar and NITI Aayog CEO Amitabh Kant attended the meeting.