Petroleum Minister Hardeep Puri on what might prompt oil companies to cut fuel prices
Indian oil companies will be able to take a call on cutting petrol and diesel prices if international crude rates stay in stable territory, Petroleum Minister Hardeep Singh Puri said on June 10.
It will also be a function of how these entities perform; if oil companies do well in the next quarter, they will be in a better position to look at the issue, the minister said.
He, however, was quick to add that he was not in a position to make an announcement on the matter. “As we go along we will see what can be done,” Puri told mediapersons at the BJP headquarters in Delhi.
