Govt may not hike oil prices

Despite the government cutting duties this month to check the impact of rising crude prices on domestic market, global oil prices have gone up further. Despite the government cutting duties this month to check the impact of rising crude prices on domestic market, global oil prices have gone up further. Aiyar stated that India would raise the issue of OPEC countries charging a premium on crude oil it sells to Asian countries at the oil cartel’s ministerial meeting in Vienna next month.