The Centre had imposed temporary restrictions on sale of fuel to commercial buyers in order to safeguarding domestic fuel supplies amid the West Asia crisis.
Neelkanth Mishra noted that the cushion available within the pricing system remains adequate and that earlier fears of significantly larger fuel subsidies have not materialised.
Prime Minister Narendra Modi on Saturday chaired a meeting of the Prime Minister’s Economic Advisory Council (EAC-PM), holding extensive deliberations on India’s economic transformation, long-term development priorities and strategies to sustain growth amid rising global uncertainty triggered by escalating tensions in West Asia.
Aoun said the United States would determine the timing and mechanism for implementation after receiving Lebanon's response and the necessary guarantees.
Amid the West Asia crisis, the two countries discussed energy security and explored ways to strengthen bilateral cooperation.
The Centre has sharply raised import duty on gold, silver and platinum as geopolitical tensions and rising import costs put pressure on India’s external account.
PM Modi has reportedly reduced the size of his convoy and encouraged EV inclusion as the government sharpens its austerity messaging amid global economic uncertainty.
Amid the West Asia crisis, India is hosting a key BRICS Foreign Ministers' Meeting on May 14 and 15 at Bharat Mandapam here to discuss global and regional issues of mutual interest.
"There is a need for all of us to come together and fulfil our responsibility to reduce the burden on the country's resources," Modi said in Vadodara.
The Government has said that citizens are encouraged to use alternate fuels such as PNG and electric or induction cooktops.
