Hike in price of fuel is inevitable as the crude oil prices are going up. However the taxes and duty on oil also needs to be reduced accordingly to reduce the burden on companies and the public.
Also the Tax exemption that the Gov gives on petrol/fuel is Rs 9600 per annum and this has been for very very long. The fuel prices have gone up by about 6 times. The Gov should also consider to increase the Tax rebate on fuel accordingly.
