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Home > Business > Business Headline > Report
Oil prices may go up by Re 1
Pradeep Puri in New Delhi |
December 31, 2003 09:50 IST
Domestic retail prices of petrol and diesel may go up by around Re 1 a litre from December 31-January 1, provided the petroleum ministry agrees to oil refining and marketing companies' proposal in this regard. Click here to take today's poll However, the government may advise the oil marketing companies to hold back the "bad news" for another fortnight in view of the onset of the New Year. The pricing committee of the four public sector marketing companies -- Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and IBP -- is of the view that the spurt in the international prices of both diesel and petrol in the past fortnight, there is a case for increasing the domestic prices of the two automobile fuels.
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