SBI Report: No direct impact of oil price hike on India's fiscal situation

Fuel prices have risen by Rs 3 per litre. This move aims to reduce losses for oil companies. SBI's research report Ecowrap suggests that the impact on consumer inflation will be temporary. Annual fuel consumption is expected to remain stable. The government's fiscal situation is not directly affected by this price adjustment. State governments may see revenue changes if excise duties are altered.

Raccontata daeconomictimes.indiatimes.com