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Market pricing of fuel will not hit people: Deora

Oil Minister Murli Deora said today that market-driven prices of fuel would not hurt people, a day after the government deferred a decision to raise prices.

business Updated: Jun 08, 2010 20:58 IST

Oil Minister Murli Deora said on Tuesday that market-driven prices of fuel would not hurt people, a day after the government deferred a decision to raise prices.

"Decontrol or market-driven prices will not hurt common man and will help the oil companies that are suffering losses (for selling fuel at cheaper rates)," Deora said.

He said the ministerial meet could not take a decision on Monday as four ministers were not present.

"Now, we are trying to find a date when all members will be present", he said.