Concerned over the spike in fuel prices, Finance Minister Arun Jaitley met Oil Minister Dharmendra Pradhan to look at options to mitigate its impact on the economy, sources aware of the discussion said.
The two ministers met last evening amid concerns of high fuel prices adding to farmers’ distress, particularly in the upcoming Rabi crops season, sources said.
Diesel, which is being sold at record high prices, is the most used fuel in the farm sector. Tractors tilling the soil to irrigation pump sets – all use diesel, and a spike in its prices is bound to add to the cost cost of farming. Read More