No going back on deregulation of fuel prices: FM Jaitley
Finance Minister Arun Jaitley has assured that "there is no going back on deregulation of oil prices". His statement came after the government asked state-owned oil refiners â Indian Oil, Bharat Petroleum and Hindustan Petroleum â to cut fuel prices by â¹1 a litre. Shares of the companies fell more than 20% to multi-year lows on Friday before recovering marginally.