Fuel prices linked to global rates; Centre, states have to handle: FM

Petrol and diesel prices on Tuesday surged to all-time high levels as rates were increased again after international oil prices hit the highest mark since 2014

As fuel prices surged to all-time highs on Tuesday, Union Finance Minister Nirmala Sitharaman said prices of petroleum products in the country depend on international oil rates and both the Centre and states have to together handle the issue of their rising cost.

Addressing a press conference at the Chhattisgarh BJP office Kushabhau Thakre Parisar here, she said prices of petroleum products in India, a big consumer of these imported items, depend on their prevailing rates in the global market.

Hence, both the Centre and states have to handle the fuel issue together as they impose taxes on oil products,