No hike in Auto fuel prices yet

With inflation being its prime concern, the government has postponed any immediate decision on freeing the auto fuel prices. So, there won’t be an immediate hike in the prices of petrol and diesel.

With inflation being its prime concern, the government has postponed any immediate decision on freeing the auto fuel prices. So, there won’t be an immediate hike in the prices of petrol and diesel.

HT Image

“The fuel price issue is a sensitive one, so do not expect a decision on it overnight,” a senior functionary in the Prime Minister’s Office told the HT soon after a high-level meeting chaired by Prime Minister Manmohan Singh to review the financial health of state-owned oil PSUs on Wednesday.

Singh met Petroleum Minister Murli Deora along with Finance Minister Pranab Mukherjee to take stock of the deteriorating health of the state-owned oil marketing companies.