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Govt may raise fuel prices later today

Govt may raise fuel prices later today
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First Published: Fri, Feb 26 2010. 02 45 PM IST
Updated: Fri, Feb 26 2010. 02 45 PM IST
New Delhi: India may raise state-set fuel prices later on Friday following an increase in factory gate and import taxes, Oil Secretary S. Sundareshan said.
“Wait for a few hours,” Sundareshan said, when asked if fuel prices would be raised.
Click to read Mint’s Budget 2010 coverage
Separately, oil minister Murli Deora said the tax proposals were being studied by his ministry.
Petrol and diesel prices in India are capped by the government to protect the poor and tame inflation.
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First Published: Fri, Feb 26 2010. 02 45 PM IST