New Delhi, June 18 -- The Petroleum Ministry said retail fuel price decisions will continue to be taken in line with the evolving global crude oil situation, as international oil prices have started easing after surging to as high as USD 120 per barrel during the recent West Asia crisis.

Addressing an inter-ministerial media briefing on Thursday, Joint Secretary in the Ministry of Petroleum and Natural Gas Sujata Sharma said crude oil prices, which had surged during the West Asia crisis, are now showing signs of moderation.

"As you know, the price of crude went up to USD 120 per barrel. Now it is coming down," Sharma said.

She added that the government is closely monitoring developments in the global energy market.

"The government is ...