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No immediate plan to up fuel prices: Govt

No immediate plan to up fuel prices: Govt
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First Published: Tue, Dec 29 2009. 11 17 AM IST
Updated: Tue, Dec 29 2009. 11 17 AM IST
New Delhi: The government has no immediate plans to raise fuel prices, the country’s petroleum secretary said on Tuesday, after a newspaper report that auto fuel prices could be raised early next year.
The Hindustan Times newspaper, without citing any sources, said in a report that prices of auto fuel could increase “anytime early next year.”
“There is no such proposal yet,” petroleum secretary R S Pandey told Reuters, when asked to comment on the news report.
India previously raised fuel prices by as much as 10% in July, when global crude oil prices were hovering at about $70 a barrel.
US crude for February delivery fell 28 cents to $78.49 a barrel by 0332 GMT.
State-run refiners sell petrol, diesel, kerosene and cooking gas at low government-fixed rates to control inflation and help the poor, and receive partial compensation from the government.
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First Published: Tue, Dec 29 2009. 11 17 AM IST
More Topics: Government | Fuel prices | Auto fuel | Oil | Petrol |