New Delhi, June 18 -- Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, on Wednesday assured that there will be no shortage of crude oil and projected stability in fuel prices, despite global uncertainties.

Union Minister's assurance comes amid the ongoing conflict between Iran and Israel can possibly increase the cost of the manufactured items all over the world, since Iran is one of the major producers of crude. The rise in global commodity prices, especially crude oil and metals, will be key to India's trade deficit outlook.

Highlighting past reductions in petrol and diesel prices, specifically in November 2021, May 2022, and March 2024, Puri said India has maintained a disciplined pricing approach and does not forese...