This situation highlights the financial challenges the sector is experiencing in light of fluctuating global energy prices.

Puri pointed out that although international oil prices have recently decreased, companies are still dealing with crude oil that was acquired at higher prices during the peak of the West Asia crisis. This delay means that the benefits of lower prices have not yet been reflected in retail fuel costs.

When asked about the potential for price reductions, the minister acknowledged that it would be a valid inquiry if global oil prices remain low over the coming weeks. He indicated that any decrease in fuel prices would hinge on the continued stability of international markets.

Furthermore, Puri emphasized the government's commitment to maintaining domestic supply stability and securing energy resources amidst ongoing global uncertainties that impact fuel availability and pricing.

(This is a developing story)