Sunday, October 7, 2007

India Back Tracking on Natural Gas Hike?

Petroleum and Natural Gas Minister, Murli Deora, today hinted that there may not be any increase in the prices of kerosene and liquified petroleum gas in the near future, though the final call on the matter would be taken by Prime Minister Manmohan Singh.

"We are trying to see that the common man, specially kerosene and LPG consumers, are not hurt. We don't want to increase even the price of diesel. The price increase issue will, however, be decided by the Prime Minister," Deora told reporters on the sidelines after inaugurating the new Tapti Compression and Processing Platform here.

Admitting that the Government is 'aware' of the increasing burden of oil subsidy, he said 'some solution is being sorted out'.

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