Can government reduce petrol price?

Petrol and diesel prices are seeing an all-time high surge in the prices putting a hole in the common man’s pocket. The surge in fuel prices brings inflation everywhere. Be it food, clothing, transport, housing anything. Let's discuss what is the reason behind the surge in prices, who controls the pricing, how the fuel prices are decided, why India imports so much oil, is there a hope of price deduction in future. Are electric vehicles a viable option? Does the government have any power to regulate or change these prices? Let's discuss. ------------------------------