Union Oil and Petroleum and Natural Gas Minister Hardeep Puri on Thursday said petrol and diesel prices could be reduced if international crude oil prices remain low for the next few weeks. Responding to a question on a possible fuel price cut, Puri said it would become a legitimate issue if global oil prices continue to stay low over a sustained period. His remarks came as crude oil prices fell below $71 per barrel after Qatar said Iran and the US had made "positive progress" in indirect talks that concluded on Wednesday. Show more Show less
Why petrol, diesel prices haven't fallen yet? Hardeep Puri explains outlook for fuel prices
Union Oil and Petroleum and Natural Gas Minister Hardeep Puri on Thursday said petrol and diesel prices could be reduced if international crude oil prices remain low for the next few weeks. Responding to a question on a possible fuel price cut, Puri said it would become a legitimate issue if global oil prices continue to stay low over a sustained period. His remarks came as crude oil prices fell below $71 per barrel after Qatar said Iran and the US had made "positive progress" in indirect talks that concluded on Wednesday.
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