Will petrol, diesel prices be slashed amid cheaper crude? Here's what Oil Ministry official has to say

The petrol, and diesel prices are likely to be slashed amid cheaper crude prices as the international oil prices continue to be extremely volatile. However, a top oil ministry official said he can't predict anything now about whether the rates will be cut before the Maharashtra elections. It should be noted that the global oil benchmark Brent crude futures fell below USD 70 per barrel last week -- the first time since December 2021 -- but gained thereafter. Brent was trading at USD 74.58 per barrel on Thursday while West Texas Intermediate advanced to trade at USD 71.71.