No Rollback on Fuel Price Hike : PM

New Delhi: The Prime Minister of India has turned down the possibility rollback on the fuel price hike, talking to media persons in the capital on Tuesday. The fuel price hike was declared by the Finance Minister in the Parliament while presenting the Union Budget 2010-11. The opposition members had walked out of budget session opposing the hike in the fuel prices.

The Prime Ministers said that the Indian economy was growing and it has capacity to absorb the hike in the fuel price. It is believed that the hike in the fuel price would push the inflation further high. The food inflation is still the major concern for Indian economy and it was also focused in the presented Economy Survey 2009-10.