Finance Minister Arun Jaitley has termed the hike in the prices of petrol and diesel as temporary phenomena saying it will soon be normalized.
Replying to a media query over the issue, Mr. Jaitley said, the recent spike is also due to shrinking of refining capacity which has been affected due to Hurricane in US.
He also targeted the opposition parties for questioning the Centre over the issue saying why they are not reducing taxes on petroleum products if they are so serious.
