Energy & Petrochemicals #crude oil#petrol
India's Oil Minister Says Petrol, Diesel Rates May Ease as Cheaper Crude Arrives
Union Petroleum Minister Hardeep Singh Puri indicated that petrol and diesel prices could be reduced when lower-priced crude oil purchased recently reaches Indian refiners. Speaking in Sonbhadra, Uttar Pradesh, he noted that oil marketing companies are currently processing higher-cost crude and losing about Rs 1,000 crore per day, but the government has shielded consumers from the full impact of global volatility.
Jun 20, 2026 1 source