Decision on fuel prices soon: Pranab

Finance Minister Pranab Mukherjee said he would meet other cabinet ministers on Thursday to decide on the date for the next meeting to discuss the issue of fuel deregulation which was deferred on Monday.

Finance Minister Pranab Mukherjee said he would meet other cabinet ministers on Thursday to decide on the date for the next meeting to discuss the issue of fuel deregulation which was deferred on Monday.

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Pranab Mukherjee said the decision on fuel prices would be taken shortly and there was no need to press the panic button due to the euro zone crisis.

India's government deferred till next week a decision on raising fuel prices on Monday, the second time in a year it has tripped on pushing politically-sensitive reform measures that could help trim a budget deficit.