Government Confirms No Decision Yet on Capping Refinery Prices Amid Supply Concerns

The Indian government has not decided to cap refinery prices, according to petroleum ministry joint secretary Sujata Sharma, amid concerns over rising refining margins due to the Iran war. While state oil companies face negative marketing margins as retail fuel prices remain frozen, any discount on refinery transfer prices requires government approval. Crude supplies are sufficient, and refineries operate at full capacity. Efforts continue to encourage consumers to shift from LPG to piped natural gas, with LPG shipments arriving despite supply concerns.