And he warns: "The outlook for fuel prices in the weeks ahead is not good, with another penny a litre expected to be added to the current average prices of petrol and diesel".
The prices of fuel touched a new high on Monday after the rates were hiked for 15th consecutive day.
Petrol prices across India were up by 15 paise per litre at Rs 78.27 per litre in Delhi, Rs 80.91 per litre in Kolkata, Rs 86.08 per litre in Mumbai and Rs 81.26 per litre in Chennai.
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While the bulk of the rain is expected later in the evening, isolated showers and thunderstorms are possible after 11 a.m. Winds will remain gusty for the rest of the holiday weekend, but tropical-storm force winds will stay well to our west.
The Union Minister put the blame on uncertain political conditions in oil exploring countries and the global market for the oil price rise.
Diesel cost, which is already at record levels across the major cities, rose to Rs 69.06, Rs 71.61, Rs 73.53 and Rs 72.91 a litre on Sunday in Delhi, Kolkata, Mumbai and Chennai, respectively. Brent crude oil prices had earlier this month hit $80 per barrel - in a first since late 2014 - on looming United States sanctions on Iran.
With consumers feeling the heat of surging fuel prices, there have been demands and suggestions from various quarters, including from within the government, for immediate action to curb the prices.
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CREW, a liberal-leaning watchdog group, filed a complaint with the ethics office that was referenced in Mr Apol's letter. Late Wednesday, the New Yorker published a story about an unnamed law enforcement official it said had leaked the report.
The rise of petrol price in India were despite US oil futures hit six-week lows on expectations major producers may ease output curbs on Monday, while Asian stocks and USA share futures gained on signs the United States and North Korea were still working towards holding a summit. Rising fuel prices is a crisis situation for the government.
According to the TOI report, government is reluctant to cut excise duty on petrol and diesel to reduce pump rates as it would affect revenue collection and reduce availability of funds for welfare programmes.
The previous Congress-led UPA government had lost the elections in 2014 when petrol prices had soared in September 2013 to Rs 83.67. During the day, it tanked 11.44 per cent to Rs 155.45. While the crude oil prices were low, the government repeatedly levied cess on fuel to fund its infrastructure and other development programs while keeping the annual budget deficit in check.
What are you hearing: Yanny or Laurel?
Also, he said the clip illustrates that our brains decide what it wants to hear if there is an ambiguous signal like this one. Voellinger, an audiology specialist at Deaconess Gateway. "I definitely hear Yanny ", "I hear Laurel , I hear laurel ".
Last week, BJP President Amit Shah had said that a plan is being worked upon to check petrol prices in the country.