After state polls, govt may hike fuel prices-NewsX

Oil prices in the country have remained unchanged for the last three months. In fact, in the last two revisions in November, prices were marginally slashed. All this at a time, when global crude prices are headed northwards. International crude prices have gone up by approximately 25 percent over the last 1 year. But in India, prices have been raised by just about 16 percent. They were not raised even after 3rd November, when a hike seemed imminent. So is the government playing a waiting game? And are consumers in for a shock, once the on-going elections are over?For more Log onto- http://alpha.newsx.com