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Fuel Prices May Ease, No Cap on Private Sales: Petroleum Minister
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CNBC TV18•01-10-2026, 17:42
Fuel Prices May Ease, No Cap on Private Sales: Petroleum Minister
- •Petroleum Minister Hardeep Singh Puri announced potential ease in petrol and diesel prices, citing falling Brent crude prices to $95 a barrel and available supplies.
- •The Centre has reduced excise duty on petrol and diesel three times since November 2021, with the most recent cut being ’10 per litre for each.
- •Puri confirmed no cap on private fuel sales, with the Petroleum Secretary reiterating that no restrictions are allowed on sales by private players.
- •The government guarantees offtake for compressed biogas (CBG) under the GOBARDHAN scheme, aiming for a 10-fold increase in domestic CBG production.
- •Puri emphasized the need for improved waste processing and maximizing biomass use, calling it an ‘absolute imperative’.
Key Questions Answered
Petroleum Minister Hardeep Singh Puri stated that the Centre has reduced excise duty on petrol and diesel on three separate occasions, with the most recent reduction being a cut of 10 rupees per litre each on both fuels.
No, the Petroleum Secretary confirmed that there are no restrictions or caps allowed on fuel sales by private players, and previous letters have also been issued to clarify this stance.
The government has guaranteed offtake for compressed biogas (CBG) under the GOBARDHAN scheme for the first time, aiming for a 10-fold increase in domestic CBG production with 217 plants operational and 357 under construction.
