Centre ends meeting with states, UTs on oil prices; asks to expedite process of imposing stock limits

The Centre ends meeting with states and union territories on oil prices. The Narendra Modi government has asked states to expedite the process of imposing stock limits.

Uttar Pradesh informed the government that on October 12 a notification for imposition of stock limit has been issued to the state.

The Centre told the states that all the steps that have been taken, including reduction in import duty, to control the prices of oil and pulses ensure that the general public gets their full benefits.

Apart from Uttar Pradesh, other states have told that they are currently discussing this with the stakeholders and will take the decision soon.

States of Rajasthan, Gujarat and Haryana have already submitted the proposal to the Government and imposition of the Stock limit is expected shortly.

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States of Maharashtra, Odisha, Kerala, Jharkhand, Chhattisgarh, Andhra Pradesh, Tamil Nadu, Tripura, UT of Chandigarh have initiated the process of fixing stock limits and will soon notify relevant limits for different classes.