Zurich, May 13 -- Noting that India has started witnessing the impact of global disruptions caused by the West Asia conflict, RBI Governor Sanjay Malhotra has said that the government has so far absorbed a significant part of the burden, but if the situation continues, it is likely to pass on some of the price increase to consumers.

Speaking at the 12th High-Level Conference on the International Monetary System, jointly convened by the International Monetary Fund and the Swiss National Bank, the RBI Governor referred to the sharp increase in the international price of crude and said the government has so far absorbed a significant part of the burden by keeping pump prices of petrol and diesel unchanged, reducing duties and allowing only ...