Fuel price rise to be minimal, says Deora
Ahead of Saturday's meeting to discuss the price hike issue, the Petroleum Minister says any rise in retail prices will be minimal.Updated: Jan 18, 2008 12:40 IST
Petroleum Minister Murli Deora said on Friday that any rise in retail prices of petrol and diesel would be minimal, and the top official in his ministry said ministers would meet again on Saturday to discuss the increase.
A ministerial meeting on Thursday, widely expected to recommend India's first price hike in more than 18 months, ended without a decision.
Indian oil firms are forced to sell fuel at discounted rates and have been hit by a surge in global crude prices.