Economy As elections approach, oil marketing companies face the heat Updated : April 13, 2018 06:03 PM IST In an election year, the government might not want consumers to bear the brunt of rising fuel prices. Reducing excise duties on fuel is not an option because the government does not want to tinker with its fiscal deficit target. That means oil marketing companies might have to absorb an increase in fuel prices, roiling their margins. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.