New Delhi
The central government is planning a new system to control sudden changes in petrol, diesel, and LPG prices. The idea is to protect people from rising costs caused by global oil market swings. Officials are discussing a special fund that can be used during sharp price increases. This system may work like the one used for farm goods, where stocks are released to control prices. The plan is different from emergency oil reserves. It will offer temporary relief, not regular subsidies. Ministries are still deciding how and when to use the fund, aiming to keep fuel prices more stable for households.