New Delhi: The upward spiraling spree of the fuel prices to continue as the government still remained unwilling to give up some of the additional excise duty gains it had made when oil prices were low. Neither are states willing to step in and cut VAT to ease the burden on consumers. So be ready to pay through your nose for petrol and diesel.
"Petroleum products are international commodity. Whenever there is a price hike in crude oil then there are some pinching prices in our market also. India is a consumer sensitive country. We are concerned and keeping an eye," oil minister DharmendraPradhan said on Monday, giving no indication of any government intervention.