Sitharaman rules out cut in fuel prices for now ...Middle East

The Times of India - News
Sitharaman rules out cut in fuel prices for now
Finance minister Nirmala Sitharaman on Monday ruled out cut in excise duty on petrol and diesel for now, stating that the Centre needs to clear the burden of past oil bonds. The previous Congress-led UPA government had issued bonds to state-owned oil companies to make up for the difference in the artificially suppressed retail selling price of fuel and the cost.

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