The wait for fuel price cut gets longer on volatile oil

Indian fuel retailers are holding off on reducing petrol and diesel prices despite cheaper crude oil, citing market volatility. They prefer stable conditions before making any changes. Recently, oil prices fluctuated between $70 and $75 per barrel due to global economic factors and US interest rate cuts, impacting pricing decisions.

Sep 20, 2024 - 01:00

The wait for fuel price cut gets longer on volatile oil

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Indian fuel retailers are holding off on reducing petrol and diesel prices despite cheaper crude oil, citing market volatility. They prefer stable conditions before making any changes. Recently, oil prices fluctuated between $70 and $75 per barrel due to global economic factors and US interest rate cuts, impacting pricing decisions.