Since crude prices are down, excise duty hike may not lead to retail price hike: HPCL

We have been trying take advantage of the prevailing low price scenario to contract as much crude as possible at the lowest possible prices, says MK Surana, CMD.

How much margins are you still making on petrol and diesel after the excise hike?

That is not the appropriate question. As far as the taxation is concerned, it is the government part of the prerogative based on the narration which they have and timing and quantum. The government decides. Oil companies do not take decisions on the taxation part of it. As far as we are concerned, we try to ensure that the product prices are aligned to the international markets.