India's oil minister says falling crude prices won't reach the pump immediately due to shipping delays through the Strait of Hormuz.

NEW DELHI: Falling global energy prices after a preliminary US-Iran agreement to end hostilities and reopen the Strait of Hormuz may bring relief to Indian refiners and gas…

A reopening of the Strait of Hormuz and lower oil prices following the U.S.-Iran agreement could significantly reduce India’s energy import costs and improve its trade balance.

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…

Falling crude oil prices below $80 a barrel are set to prevent further fuel price increases. This development is boosting India's economic outlook, with economists predicting…

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…

India's oil minister says falling crude prices won't reach the pump immediately due to shipping delays through the Strait of Hormuz.