Virtually ruling out any immediate cut in fuel prices, Finance Minister Arun Jaitley said after a review meeting with Prime Minister Narendra Modi that the government would stick to its capital expenditure targets for achieving a higher trajectory of growth while maintaining the budgeted 3.3 per cent fiscal deficit target in the current year.

"The government is confident and committed to strictly maintaining the 3.3 per cent fiscal deficit target. As far as capital expenditure is concerned for maintaining the high trajectory growth, we will end the year without any cuts and will maintain 100 per cent capital expenditure, necessary for high trajectory growth," he told reporters after a three-hour meeting at the Prime Minister's official residence.