Petroleum Minister Dharmendra Pradhan on Wednesday ruled out a reduction in duties on petrol and diesel for now despite sharp increase in rates after the oil companies resorted to daily revision in prices last month.
While petrol price has risen by over Rs 6 per litre since last month, diesel was dearer by Rs 3.65 per litre.
“That situation has not come where we should relook at tax structure. when the situation arises, we will see,” Pradhan told reporters on the sidelines of an event on rationalisation of diesel and petrol prices here.
The rate changes are transparent and city-wise prices are available through SMS, the minister said.
The government raised excise duty by Rs 7.75 per litre on petrol and Rs 6.50 per litre on diesel between November 2014 and January 2015 when international crude prices continued to fall.
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