No diesel, petrol price cut until crude stabilises: Puri
New Indian ExpressNEW DELHI: A day after reducing liquefied petroleum gas cylinder prices by Rs 100 nationwide, petroleum minister Hardeep Singh Puri clarified there are no plans to cut petrol and diesel prices in the domestic market until crude prices stabilise in the international market. The minister cited volatile nature of the international oil market and ongoing under-recoveries by the oil marketing companies. “I will only say if the situation in the outside world stabilises and oil prices stabilise, then the price cut on petrol and diesel can be considered. The minister also mentioned the government was able to keep oil prices from shooting up despite global turbulence amid the Russia-Ukraine conflict and drone attacks on merchant ships in the Red Sea.