It's a big concern for the people of India, whether they would see a rise in oil prices soon. There are chances of rising prices of petrol and diesel in India. Last year, the government has slashed the prices of oil and raised the prices in the mid year.
It's just mere speculations of having the rise in the oil prices in India. The global crude is however consistent in producing oil in the last quarter. But, there may rise the price of oil in India, keeping the options of inflationary measures open. The government may also take the financial condition of oil PSUs and companies into consideration. The politics behind the hike in the oil prices, however seem to have in calm state. Political parities in the allied government many not support the governments' decision to rise the oil prices.