NEW DELHI - State-run oil firms are unlikely to raise fuel prices before key state elections starting in April, a government source said on Wednesday, as the ruling coalition tries to tackle voter anger over high inflation.
Petrol prices in India are market-linked, but diesel, cooking gas and kerosene rates are set by the government, which partly compensates state oil firms for their losses when global crude oil prices increase.
Raising fuel prices is politically sensitive in India, with the government struggling to balance maintaining growth momentum and reining in inflation, among the highest of major Asian economies.
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