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Finance minister Arun Jaitley announced a cut of Rs 2.50 in the price of petrol(REUTERS File)

Excise duty cut on petrol-diesel: Relief likely temporary as international crude prices expected to rise

By Roshan Kishore | Hindustan Times, New Delhi
UPDATED ON OCT 05, 2018 08:36 AM IST
The relief however is likely to be temporary, as crude prices are expected to rise in the future and probably cross the psychological barrier of $100 per barrel, last seen in 2014. A falling rupee will mean that prices increase even more in rupee terms.
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