Union Minister Suresh Gopi explained that immediate fuel price reductions aren't possible despite global crude cost drops due to transit times and other factors. He highlighted the central government's Rs 12,000 crore absorption of past impacts, urging states to also contribute.

Petrol and diesel prices in India witnessed a series of hikes in May 2026.

Global crude oil prices may fall after Middle East peace efforts. However, fuel prices in India might not decrease immediately. Oil companies face pressure, and lower crude prices…

Union Minister Suresh Gopi explained that immediate fuel price reductions aren't possible despite global crude cost drops due to transit times and other factors. He highlighted…