E-Paper
India may review oil prices after parliament session
An oil ministry source says a price revision in the retail fuel prices can take place if global prices remain high.
Updated on: Aug 7, 2007, 15:55:00 IST
Share via
Copy link
India may review retail fuel prices after the monsoon session of parliament ends in mid-September if global prices remain high, an oil ministry source told Reuters on Tuesday.
"No price hike is in the offing immediately," the source said.
"We have written to the finance ministry not recommending fuel price increase but seeking oil bonds. However, if the global crude oil prices remain high then a price revision could take place after the parliament session."
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
