Union petroleum and natural gas minister Hardeep Singh Puri on Saturday indicated that petrol and diesel prices could be reduced if lower-priced crude oil purchased recently reaches Indian refiners, while asserting that domestic fuel prices have seen only a limited increase despite sharp volatility in global oil markets.

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…

Petroleum Ministry confirms fuel price decisions will align with global crude trends, as prices drop to $78.53 per barrel.