Even after Subsidies Indians pay some of the highest prices in ASIA for fuel, but the still the Indian oil companies report losses. Indian Civil aviation sector is also badly hit by the oil prices and the oil prices has a direct impact on the prices if goods, and was blamed for the inflationary trend in India. With relevant facts and figures evaluate the role of taxes and duties on the oil prices in India with special emphasis on the impact of oil prices and civil aviation and inflation. What concrete steps should the govt take to address tis issue?