New Delhi: India may raise state-set fuel prices later on Friday following an increase in factory gate and import taxes, Oil Secretary S. Sundareshan said.
“Wait for a few hours,” Sundareshan said, when asked if fuel prices would be raised.
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Separately, oil minister Murli Deora said the tax proposals were being studied by his ministry.
Petrol and diesel prices in India are capped by the government to protect the poor and tame inflation.