Petrol, diesel may rise, hints Pranab

President Pranab Mukherjee on Monday emphasised the need to align the domestic rates of fuels with global prices, which may indicate a further increase in the prices of petrol, diesel and cooking gas.

President Pranab Mukherjee on Monday emphasised the need to align the domestic rates of fuels with global prices, which may indicate a further increase in the prices of petrol, diesel and cooking gas.

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“In the present international environment of rising petroleum prices, greater alignment of domestic prices to global prices is in the interest of consumers as well as investors,” he said at the Petrotech 2012 conference in Delhi. “The government of India is committed to adopting a time-bound programme to achieve this.”