Fuel Price Cut Possible in 2-3 Months, Says Minister Hardeep Puri

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Union Minister Hardeep Puri has hinted that fuel prices in India could come down within the next two to three months. He acknowledged that international crude oil prices have already fallen from recent highs. However, Puri explained that oil companies are currently processing crude purchased during the peak of the West Asia crisis, when prices were elevated. This means the cost relief from lower global prices has not yet been passed on to consumers. A reduction in retail fuel prices is expected once companies work through their existing higher-cost inventory.

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