Russia-Ukraine war behind fuel price rise, says FM Nirmala Sitharaman

Says India probably only country that didn't resort to new taxes to fund recovery

The Russia-Ukraine conflict is responsible for rising fuel prices because supply chains, particularly those of crude oil, have been disrupted, Union Finance Minister Nirmala Sitharaman on Friday said, while replying to the debate on the Finance Bill, 2022. The Lok Sabha cleared the Bill.
 

She said India was probably the only country that did not resort to new taxes to fund the recovery of the economy hit by the pandemic.
 

Attributing the rising fuel prices to the global situation, the minister said “it has nothing to do with the election time. If the oil-marketing companies think they are procuring …