HS Puri: Fuel Price Hikes And Elections Are Not Related; No Price Increase Since 2022

Amidst the West Asia crisis, Petroleum Minister Hardeep Singh Puri addresses speculation regarding post-election fuel hikes. While acknowledging market volatility, he clarifies that pricing decisions remain independent of the election cycle. Puri also discusses OMCs ramping up LPG capacity and the mounting under-recoveries national oil companies are facing.