🛢️ Govt Says No Decision on Fuel Price Cap Amid Iran War

The Centre has clarified that no decision has been taken to cap refinery transfer prices (RTP) despite rising crude oil prices due to the ongoing Iran conflict. Officials denied reports suggesting refiners may freeze or fix discounts on internal fuel pricing. RTP is the price at which refineries sell fuel to their marketing units, and capping it can help control retail fuel prices. Even as refining margins rise, petrol and diesel prices remain unchanged, leading to losses for oil marketing companies. The situation highlights the pressure on India’s energy sector amid global supply risks. #CrudeOil #FuelPrices #IndiaEnergy #OilMarket #GlobalMarkets