New Delhi, May 26 Just two days after the state-run oil marketing companies announced the steepest hike so far in petrol price, Petroleum Minister S. Jaipal Reddy said the government was monitoring the situation and would take a “definitive” view in a few days.
“I will come back to you with a definitive view in a few days,” Reddy told reporters while reacting on the petrol price hike.
Reddy said he has discussed the issue with Finance Minister Pranab Mukherjee and would consult state governments to explore the possibilities of lower taxes, in order to reduce the burden on the common man.
The government-run oil marketing companies Wednesday announced a sharp increase in petrol price. In Delhi, the price was hiked by Rs.7.54 per litre.