New Delhi Prices of the fuel have gone up 33% since being decontrolled last year

Easing global crude oil price — $103 a barrel on Monday, down from an average $113 a barrel in the first quarter — has nearly covered the losses that retailers IOC, HPCL and BPCL make on petrol, encouraging the government to indicate a price cut in the auto fuel. Since it was decontrolled in June last year, petrol prices have gone up 33%.