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Revenue Secretary Shaktikanta Das has said there will be no immediate increase in fuel prices in lieu of duty hike.
He said the duty hike will be absorbed by OMCs. The OMCs will forego a round of fuel price cut to absorb the hike in duty.
The Finance Ministry is expecting to get Rs 6,000-7,000 crore due to duty hike in the remaining months of current fiscal.
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