By IANS
New Delhi : Domestic retail prices of fuel should be hiked in line with the surging international crude oil prices, deputy chairman of the Planning Commission Montek Singh Ahluwalia said Tuesday.
“I don’t believe keeping oil prices low to keep inflation under control is a good idea,” he told reporters on the sidelines of the India Economic Summit here.
“It is the view of the Planning Commission that if oil prices remain high on a sustained basis, it will have to be passed on,” he added.
The Indian government is yet to raise prices of petrol and diesel despite global oil prices hitting almost $100 a barrel last month.
SUPPORT TWOCIRCLES
HELP SUPPORT INDEPENDENT AND NON-PROFIT MEDIA. DONATE HERE