Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / News/  GoM meet will take decision on fuel price hike: Deora
BackBack

GoM meet will take decision on fuel price hike: Deora

GoM meet will take decision on fuel price hike: Deora

Premium

Hyderbad: Union Petroleum Minister Murli Deora on Monday said a decision on the fuel price hike will be taken at the Group of Ministers meeting on 17 January.

“On 17 January, the Group of Ministers (GoM) meeting under the chairmanship of Pranab Mukherjee is taking place in Delhi. That time, it will be decided," Deora said.

He, however, said it was not possible to say at this point of time whether the fuel price would be hiked or lowered.

“Nobody can say today or just now, what will happen to the price, whether increased or not or how much would be hiked," the Union Minister said.

Deora was talking to reporters after inaugurating the 7th International Conference and Exposition of Society of Petroleum Geophysicists here.

Asked about the drilling holiday sought by the exploration companies, Petroleum Secretary M S Srinivasan said a decision on the request was likely to be taken in a fortnight’s time.

“All the major exploring companies have made a request for holidays, as they are finding it difficult to get drills in time," Srinivasan said.

“Based on the combined request and also the data which we have collected, we are examining the issue and with the approval of the Minister, we are likely to take a decision within the next fortnight," he said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 14 Jan 2008, 04:55 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App