, || FM Hints At Further Rise In Petro Prices ||
Finance Minister Nirmala Sitharaman said on Saturday, February 20, that the issue of soaring petrol and diesel prices is a "dharm sankat" (divine predicament) and "vexatious" concern, and that the Centre and states need to talk to bring down the fuel prices "at a reasonable level for consumers."
Centre and state taxes constitute 60 per cent of the retail selling price of petrol and over 54 per cent of diesel.
"It's a vexatious issue in which no answer except for fall in fuel price will convince anyone. Both Centre and State should talk to bring down retail fuel price at a reasonable level for consumers...," FM Sitharaman told reporters.
Fuel prices continued their wild run with petrol and diesel rates being hiked for the 12th consecutive day on Saturday across the country.
https://www.businesstoday.in/current/economy-politics/petrol-diesel-price-rise-centre-states-should-talk-to-reduce-fuel-rates-says-fm-sitharaman/story/431834.html
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, || FM Hints At Further Rise In Petro Prices || Finance Minister Nirmala Sitharaman said on Saturday, February 20, that the issue of soaring petrol and diesel prices is a "dharm sankat" (divine predicament) and "vexatious" concern, and that the Centre and states need to talk to bring down the fuel prices "at a reasonable level for consumers." Centre and state taxes constitute 60 per cent of the retail selling price of petrol and over 54 per cent of diesel. "It's a vexatious issue in which no answer except for fall in fuel price will convince anyone. Both Centre and State should talk to bring down retail fuel price at a reasonable level for consumers...," FM Sitharaman told reporters. Fuel prices continued their wild run with petrol and diesel rates being hiked for the 12th consecutive day on Saturday across the country. https://www.businesstoday.in/current/economy-politics/petrol-diesel-price-rise-centre-states-should-talk-to-reduce-fuel-rates-says-fm-sitharaman/story/431834.html