Brief by Shorts91 Newsdesk / 02:43pm on 03 Jan 2024,Wednesday India
Union Petroleum Minister Hardeep Singh Puri categorically rejected widespread speculation of significant fuel price reductions, dismissing them as both speculative and mischievous. Refuting any discussions with oil marketing companies, Puri highlighted the global turbulence and conflicts, emphasizing the stability achieved in India. Despite fuel price hikes in South Asian countries, he credited India's resilience to visionary leadership and previous excise duty reductions. Energy experts anticipate crude oil prices to stay low in early 2024, citing lower demand and increased oil output, with geopolitical tensions in the Middle East being the potential catalyst for price fluctuations.
