Diesel prices may go up: oil secy

A ministerial panel could look at raising diesel prices before planned share sales of Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC), oil secretary S Sundareshan said on Monday.

A ministerial panel could look at raising diesel prices before planned share sales of Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC), oil secretary S Sundareshan said on Monday.

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“It is extremely difficult for the government to pass on the entire burden to the consumers. We will have to go before the empowered group of ministers (EGoM),” he said.

Sundareshan hoped the EGoM would meet before the sale of stakes in IOC and ONGC, which should be in the last quarter of the current fiscal year.