The Finance Ministry yesterday said that fuel prices will not be increased in order to provide relief to the people during the festive season.
The Ministry in a press release said even though fuel prices in the international market have soared, the government will not increase fuel prices this time in order to give relief to the people during the festive season. The price of a barrel of crude oil which was at 67 US dollars in March has gone upto 74 dollars a barrel as of today in the international market and the prices are going up.
The fuel prices were increased slightly as against soaring fuel prices in the international market on March 10 with the objective of giving relief to the people preparing for the festive season, the release said.
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