No quick relief in sight for fuel consumers as Centre in no mood to reduce taxes on petrol, diesel

NEW DELHI: Fuel consumers are unlikely to get any relief as far as petrol and diesel prices are concerned, with government sources stating that the cash-strapped Centre is in no mood to reduce taxes on fuel in case another stimulus is required.

According to sources in the finance ministry, during a recent meeting, the Department of Revenue even indicated that there is still some headroom for the government to increase petroleum taxes.