Need to review taxation to tackle rising fuel prices, says HPCL's Surana

Says long-term solution is to bring all petro products under GST, doesn't see global prices coming down in near future

Hindustan petroleum Corporation (HPCL) chairman and managing director M K Surana said on Wednesday that the country needs to review taxation in order to bring down rising retail fuel prices. 

Petrol and diesel prices touched new highs of Rs 77.17 per litre and Rs 68.34 per litre respectively in Delhi on Wednesday. On the other hand, Mumbai prices were the country’s highest, at Rs 84.99 per litre for petrol and Rs 72.76 for diesel. When asked about the rising prices, Surana said, “There is a need to review the taxation structure. The long-term solution before the country is to bring