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Petroleum minister hints at possible reduction in domestic fuel prices

The Morning Standard

|

February 24, 2024

PETROLEUM minister Hardeep Singh Puri on Friday hinted at a possible reduction in fuel prices in the country if the oil marketing companies (OMCs) turned out to be in profit in the fourth quarter.

Petroleum minister hints at possible reduction in domestic fuel prices

The minister, speaking on the sidelines of UN Global Compact Network India's (UNGCNI's) 18th National Convention, also mentioned that OMCs have recovered from the past losses and could see profits in the upcoming quarter. "If you ask them (oil companies), they would say their profit has come down... but they have recovered. I am hoping that if the fourth quarter is good, then we can (cut price)," said Puri.

The Morning Standard からのその他のストーリー

The Morning Standard

The Morning Standard

Modi sees 'Bihar winds' at TN meeting

PRIME MINISTER Narendra Modi on Wednesday said that the country is on the path to becoming a global hub for natural farming. Addressing a meeting after inaugurating the three-day South India Natural Farming Summit 2025 at Codissia Hall in Coimbatore, the PM said, \"The country's biodiversity is evolving, and the youth are now viewing agriculture as a modern, scalable opportunity. This major shift will greatly strengthen the rural economy.

time to read

1 min

November 20, 2025

The Morning Standard

The Morning Standard

200 Indian nationals deported from US, including wanted gangster Anmol

A special US deportation flight carrying 200 Indians, including Anmol Bishnoi, the younger brother and close aide of gangster Lawrence Bishnoi, two other fugitives wanted in Punjab, and 197 undocumented migrants landed in New Delhi on Wednesday.

time to read

1 min

November 20, 2025

The Morning Standard

After apex court nudge, CAQM asks NCR schools to halt outdoor sports

THE Commission for Air Quality Management (CAQM), on Wednesday, asked the state governments in the NCR to postpone outdoor school sports events scheduled for November and December due to deteriorating air quality.

time to read

1 min

November 20, 2025

The Morning Standard

The Morning Standard

Another form of talaq now under top court’s glare

SC raps sending talaq-e-hasan notice via counsel; matter may go to 5-member bench

time to read

1 mins

November 20, 2025

The Morning Standard

The Morning Standard

Cong dilemma in Upper House

With assembly seats shrinking post Bihar rout, party may lose ground in polls for 75 RS seats next yr

time to read

2 mins

November 20, 2025

The Morning Standard

The Morning Standard

SABARIMALA: SPOT SLOTS SLASHED

Booking capped at 5,000 pilgrims per day until Monday to manage unprecedented rush

time to read

2 mins

November 20, 2025

The Morning Standard

Tricked into cyber slavery abroad, rescued man in hospital

A 22-year-old man who recently returned to Hyderabad after months in a cyber slavery camp is undergoing treatment in a government hospital.

time to read

1 min

November 20, 2025

The Morning Standard

Majhi & steel minister discuss RSP expansion

UNION Minister for Heavy Industries and Steel, HD Kumaraswamy on Wednesday said Chief Minister Mohan Charan Majhi has offered full cooperation in facilitating the expansion of the Rourkela Steel Plant (RSP) and the broader development of the steel sector.

time to read

1 min

November 20, 2025

The Morning Standard

SC quashes tribunal law provisions

THE Supreme Court on Wednesday struck down key provisions of the Tribunals Reforms Act, 2021 related to the appointment and tenure of tribunal members, noting that these were in violation of the court's earlier judgments, and directed the Centre to set up a National Tribunals Commission within four months.

time to read

1 min

November 20, 2025

The Morning Standard

The Morning Standard

ED GETS 13-DAY CUSTODY OF AL FALAH CHIEF

THE Enforcement Directorate (ED), which is investigating the AI Falah group that is at the centre of the Delhi blast case for alleged money laundering, has uncovered 'tainted' funds amounting to ₹415 crore, sources said on Wednesday.

time to read

1 min

November 20, 2025

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