No immediate plan to up fuel prices: Govt

No immediate plan to up fuel prices: Govt

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.