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May 25, 2012, 11.27 AM IST
Chief Minister Sheila Dikshit tonight indicated that Delhi government may consider cutting taxes on petrol to provide some relief from the hike in fuel price.
"We will see what we can do," Dikshit told reporters when asked whether her government will reduce VAT on petrol. Dikshit, however, justified the steep hike saying oil companies were incurring huge losses and the hike was necessary. She is on a private visit to Jammu. In a bid to give some relief from the steep petrol price increase, Kerala and Uttarakhand governments earlier today waived tax on the additional amount to bring down the fuel price by up to 25% of the hike. Also read Will revise prices if global crude prices cool: IOC Will partial rollback of petrol price hike impact market? Protests over petrol hike, BJP, Left call for bandh on May 31
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