Increase in fuel prices could push inflation higher: RS Sharma
PUBLISHED ON: January 18, 2013 | Duration: 5 min, 33 sec
RS Sharma, former CMD of ONGC, welcomes the government's move to partially decontrol diesel prices. He feels that oil marketing companies cannot continue to bleed endlessly because of selling fuel at prices lower than market rates. However, he adds that the an increase in fuel prices could lead to higher inflation.