New Delhi, March 9 -- Petrol and diesel prices in India are unlikely to increase, unless and until crude oil prices breach USD 130 per barrel, government sources said on Monday.
The fuel prices are unlikely to increase as India has enough stock, the sources said.
"We expect crude oil prices to be around USD 100 per barrel," one of the sources said. "No problem of shortage of petrol and diesel at any pump in country."
They also said that sourcing crude other than the Strait of Hormuz route has been accelerated.
Further, the said sources indicated that India has enough stock of Aviation Turbine Fuel (ATF). "India is a producer and exporter of ATF, no need to panic about ATF," they said.
India, the sources said, is better placed than ot...
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