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Fuel prices linked to global oil rates, Centre, states have to handle issue: FM

Finance Minister Nirmala Sitharaman said prices of petroleum products in the country depend on international oil rates. Hence, both the Centre and states have to handle the fuel issue together as they impose taxes on oil products, she added. “If we use 100 litres (of petrol or diesel), we’ve to import 99 litres out of it from abroad,” Sitharaman said.

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