×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Govt to decide on fuel prices next week: Murli Deora

Govt to decide on fuel prices next week: Murli Deora
Comment E-mail Print Share
First Published: Wed, Nov 07 2007. 12 25 PM IST
Updated: Wed, Nov 07 2007. 12 25 PM IST
By Reuters
New Delhi: Petroleum Minister Murli Deora said on 7 November the government would take a decision on whether to raise prices of petroleum products next week.
The government is yet to raise state-administered retail fuel prices this year even though global oil prices have jumped to nearly $98, increasing losses at state oil firms, which have to sell fuels at discounted rates.
“The government is very much alive to the problems. We are trying our best to resolve this problem as early as possible,” Deora said.
“We are considering various alternatives, including duty restructuring and increase in prices,” he said, adding that he would meet Prime Minister Manmohan Singh along with the chiefs of state-run oil companies later in the day.
“I cannot say 100% but we will try to resolve it next week,” he said.
Comment E-mail Print Share
First Published: Wed, Nov 07 2007. 12 25 PM IST
More Topics: India | Oil | Prices | Murli Deora | Fuel |