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No discussion on fuel prices in cabinet meet

business Updated: Jun 10, 2010 14:02 IST

Reuters
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The cabinet did not discuss any proposal to raise fuel prices or reform the sector, Ambika Soni said, continuing the uncertainty over the long-awaited move that has met strong political resistance.

"It didn't come up for discussion," Soni, information and broadcasting minister, told reporters on Thursday after the cabinet meeting.

A panel led by Finance Minister Pranab Mukherjee postponed a decision on reforming fuel pricing on Monday, after two key ministers from small coalition partners failed to attend in a clear signal of their reluctance to be associated with a policy that may improve India's finances but will also cost votes.

A day after the panel put off the decision Mukherjee said in Mumbai that he would meet his cabinet colleagues on Thursday to decide the date of the next meeting.

The oil ministry is pushing for easing of government controls on petrol and diesel to help state refiners who are forced to sell fuel at low, state-set prices.