Another fuel price hike soon: Sources

Wed, 04 May 2011

13:05

If sources are to be believed, the Centre plans to hike diesel prices by up to Rs 3 a litre soon after the assembly elections in five states are over next week, while an equivalent steep increase in petrol rates is also on card.

An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee is scheduled to meet on May 11 to mull on a hike in diesel prices

An increase in domestic LPG prices may also be discussed at the EGoM meeting that will decide on how the oil firms willbe compensated for their losses

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