"Of course it will have some adverse impact on inflation. But the oil prices are going up and petrol is a decontrolled item," he told reporters in New Delhi.
Oil companies on Thursday raised petrol prices by Rs 1.80 per litre, citing the impact of rupee depreciation on the cost of crude oil imports.
Following the increase, petrol in Delhi will cost Rs 68.64 a litre.
On why the government's allies were not kept in the loop about the price hike, Mukherjee said, "Nobody in the government knows. . .
Image: Pranab Mukherjee
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