(a) whether the retail price of petroleum products in the country is highest in the world, if so, the details thereof;
(b) whether this exorbitant retail price is a result of the taxation policy in place for petroleum products, if so, the details thereof and if not, the reasons therefor;
(c) whether the Government proposes to absorb the hike in excise imposed recently and maintain stability of the petroleum prices, if so, the details thereof;
(d) if not, the steps taken/being taken by the Government to curb the inflationary tendencies arising out of it; and
(e) whether the Government proposes to divert the subsidy funds saved on Petroleum products, on account of lowered petroleum prices, to subsidy schemes in other sectors, if so, the details thereof and the other steps taken/being taken in this regard?