Fuel Price Hike on the Horizon? Petroleum Minister Signals Possible Increase Amid OMC Loss Concerns
Union Petroleum Minister Hardeep Singh Puri has indicated that fuel prices in India could see a revision if losses faced by oil marketing companies continue. Speaking at the CII Annual Business Summit 2026, he also highlighted India’s energy security position, noting adequate reserves of crude oil, LNG and LPG despite global volatility.