Fuel prices may go up - Hindustan Times
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Fuel prices may go up

Hindustan Times | By, New Delhi
Dec 09, 2010 01:02 AM IST

Petrol prices may go up by Rs 1.50 to Rs 2 a litre next week, while the government is considering a hike in the prices of diesel by Rs 2 a litre as crude oil prices inched closer towards $90 (Rs 4,200 approx) a barrel.

Petrol prices may go up by Rs 1.50 to Rs 2 a litre next week, while the government is considering a hike in the prices of diesel by Rs 2 a litre as crude oil prices inched closer towards $90 (Rs 4,200 approx) a barrel.

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A senior official said petrol prices are likely to be raised after the winter session of Parliament ends on December 13.

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Petroleum minister Murli Deora met finance minister Pranab Mukherjee on Wednes-day ahead of a meeting of the empowered group of ministers.

Official sources indicated diesel prices might be increased by Rs 2 a litre.

In June this year, the government had deregulated petrol prices allowing oil marketing companies to fix market-determined prices. Diesel prices are still fixed by the government.

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