Petrol, diesel rates may ease as cheaper crude arrives, says oil minister Puri

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India may see easing petrol and diesel prices due to arrival of cheaper crude oil, according to Union Minister Hardeep Singh Puri. Government efforts including excise duty cuts have helped shield consumers from global price volatility, while development continues in Sonbhadra.

Petrol and diesel prices may soon see a dip as India receives cheaper crude oil, Union Minister Hardeep Singh Puri indicated. He defended domestic fuel pricing, stating increases have been minimal globally despite market volatility. The government has absorbed significant costs through excise duty cuts, shielding consumers from the full impact of rising international rates. Puri also highlighted Sonbhadra's development progress.