Shaktikanta Das urges policy action to keep petro products, industrial raw material prices under check SECTIONS Last Updated: Feb 05, 2021, 03:20 PM IST Share Synopsis Without directly seeking a cut in excise and VAT levies, the RBI Governor said that petroleum product prices have reached historic highs as international crude prices surged in recent months and "the high indirect taxes remain", both in the Centre and states. Monetary Policy highlights: RBI restores CRR, allows online access to government securities market Related MUMBAI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday put onus on both the Centre and states to ensure through concerted policy measures that current cost build in petroleum products and industrials raw materials does not escalate further.