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Internet Desk. After the assembly elections in five states, there were indications of reduction in the prices of petrol and diesel in the country. In such a situation, there has been no change in the prices of petrol and diesel for 20 months, which can happen now. If media reports are to be believed, we may see a reduction in fuel prices soon.
According to media reports, the government has started discussing ways to pass on the benefits of softening global crude oil prices to consumers before the 2024 Lok Sabha elections. According to the information, oil marketing companies are earning profits, hence the government has started discussing this matter to provide some relief to the people.
According to the information, OMC’s overall loss has reduced due to strong profits in the last three quarters. The joint profit of three OMCs IOC, HPCL and BPCL was Rs 28,000 crore in the last quarter. Therefore, the government is thinking that consumers should also get its benefits.
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