Fuel prices in India to remain stable amid fluctuating crude rates: Indian Oil chairman

Indian Oil Corporation (IOC) Chairman Arvinder Singh Sahney has reaffirmed the company's committedness to maintaining unchangeable substance prices contempt fluctuating crude lipid rates.

In an exclusive speech with ANI connected the sidelines of the World Economic Forum 2025 Meeting, helium emphasized that ensuring some accessibility and affordability of substance prices remains a precedence to shield customers from marketplace volatility.

"We person seen crude prices from (USD) 110-120 to 80-60. So during this play of the past 3 years oregon so, the pump prices person remained much oregon little accordant and we person insulated our wide public, our customers from the vagaries of these fluctuations," Sahney said.

Highlighting the company's strategy, Sahney noted that balancing substance affordability with the corporation's fiscal wellness is simply a delicate act, achieved successfully with authorities support.

"We person to support again the question of accessibility and affordability of the substance prices, substance that has to beryllium fixed to my customers. That has to beryllium kept successful caput and we person to support our equilibrium sheets besides successful mind. So that is simply a precise delicate balancing enactment which we person been doing successfully till present with the enactment of the authorities and successful aboriginal besides we volition proceed to bash that," helium added.

On the question of LPG pricing and subsidies, Sahney stated that managing the equilibrium sheets portion providing indispensable vigor to the nationalist remains a important responsibility.

"These adjustments are portion of our regular operations. As a nationalist assemblage company, our extremity is the payment of the country, portion besides ensuring returns to our stakeholders. It is simply a delicate but indispensable task, and we are committed to carrying it forward," helium said.

The connection from IOC assures consumers that substance prices successful India volition stay stable, adjacent arsenic crude lipid prices acquisition fluctuations successful the planetary market. This attack aligns with the company's broader mandate of prioritizing the nationalist involvement alongside fiscal sustainability.