Union Minister Hardeep Puri stated that the government has absorbed the impact of global oil shocks without passing the burden onto consumers. However, the situation may soon change as oil marketing companies are advocating for price hikes in LPG, petrol, and diesel due to escalating losses amid the ongoing conflict in Iran.
Government sources indicate that a decision regarding fuel and LPG price increases could be made within the next 5-7 days, raising concerns among consumers about the potential rise in petrol and diesel prices.