Ram Singh, one of the three external members on the Reserve Bank of India’s (RBI) Monetary Policy Committee. (File Photo) While some pass-through of higher global energy prices due to the West Asia war has happened through a weaker rupee, the conclusion of state elections should lead to retail fuel prices being raised, according to Ram Singh, one of the three external members on the Reserve Bank of India’s (RBI) Monetary Policy Committee. Speaking on Tuesday at the National Council of Applied Economic Research (NCAER), Singh said that not raising fuel prices so far had been a “prudent” move. “Now that state elections are over, I expect some pass-through happening at the retail price level. Therefore, to that extent, we are moving in the direction where the right price signals will be sent out to households, commercial sector to optimise the energy mix,” Singh said, adding that there were already signs of a shift in the energy mix towards electricity through reports of higher use of inductions.…