Oil price issue to be resolved soon: Shah

Tribune News Service

New Delhi, May 22

With oil prices rising for the ninth day in a row, burning a hole in the common man’s pocket, BJP chief Amit Shah on Tuesday said “highest levels” within the party-led government were working on a solution/formula to provide respite.

He was responding to queries at a press conference organised to elaborate on party’s various initiatives. “So far as oil prices are concerned, the government is taking it seriously. Petroleum Minister (Dharmendra Pradhan) will hold a meeting with all oil companies on Wednesday,” he said.

“The (oil) prices have increased as per a formula. How it can be reviewed is a concern for the government at the highest level. In a couple of days, there will be a formula or a solution on it, I am sure,” he added.

Coming in the penultimate year of the 2019 Lok Sabha elections and coinciding with the fourth-anniversary of the Modi government, continuously rising prices of petrol and diesel are proving to be a major challenge for the incumbent at the Centre.

Sources say a solution to the politically sensitive issue can be expected by May 26.