India caps petrol, diesel price rise at Rs 7.60 despite global crude oil volatility, Puri says
India’s retail petrol and diesel prices have not been cut despite softer international crude prices, as state fuel retailers are still drawing down inventories bought at higher rates, Petroleum Minister Hardeep Singh Puri said. He said the central government absorbed a cost of about Rs 10 per litre through excise duty reductions, limiting the cumulative increase in 2024 to Rs 7.60. Puri added that, in real terms, prices were effectively unchanged compared with levels during the RussiaUkraine conflict that began in 2022.
