Fuel prices unlikely to go up
Assembly elections in four states and one union territory starting later this month may spare consumers from any major increase in petrol and diesel prices for the next few weeks.
image for illustrative purpose
New Delhi: Assembly elections in four states and one union territory starting later this month may spare consumers from any major increase in petrol and diesel prices for the next few weeks.
Sources indicated that with fuel price rise becoming an election issue, the Centre would not like to further escalate the matter with more increases in the auto fuel prices required in the wake of firming of prices in the global oil market. So, oil marketing companies will hold petrol and diesel prices as far as possible over the next few weeks till the time polling ends in all the states.
Though oil companies are not barred by the election code of conduct from raising or decreasing fuel prices in line with market developments, such an exercise is normally practised during elections.
