"The government at the highest level is concerned about it and is taking the matter seriously," he said, adding it will come out with a solution in three-four days.
He told a press conference that Petroleum Minister Dharmendra Pradhan is meeting representatives of oil companies and that he is hopeful that a solution will be worked out soon.
More than a week after the state-owned oil firms ended a 19-day pre-Karnataka poll hiatus on revising fuel prices, petrol and diesel rates have touched record highs.
Rates vary from state to state depending on the incidence of local sales tax or VAT. The prices in Delhi are the cheapest among all metros and most state capitals.
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