 "fuel")
Under the compulsion of the ongoing Assembly elections, the government is keeping low the prices of petrol and diesel despite the Ukraine crisis jacking up the global crude oil rates to near $100 a barrel.
However, oil-marketing companies may hike prices after March 10, the day of counting. Alternatively, the government may again slash excise duties on the fuels.
ICRA Chief Economist Aditi Nayar said the primary impact of the Ukraine tensions would be on inflation and the current account deficit (CAD). The impact on inflation will depend on when and by how much retail prices go up and whether excise duty
