Deora and PC to seek PM's advice on oil price

Chidambarm is understood to have disfavoured any cut in duties on the petro products, as suggested by Left parties.

Facing opposition from Left parties to hike in fuel prices coupled with Finance Minister P Chidambaram disfavouring cut in duties, Petroleum Minister Murli Deora would take the issue to Prime Minister in the next few days.

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The meeting could take place on Monday and not tomorrow, sources in the know said.

The decision to meet Prime Minister was taken when Petroleum Minister Murli Deora called on Finance Minister P Chidambaram on Thursday.

Chidambarm is understood to have disfavoured any cut in duties on the petro products, as suggested by Left parties, thus leaving the government little option but to increase the prices of petrol and diesel by upto Rs 3 a litre.

During his meeting with Left leaders in the last two days, Deora said that he was not in favour of a hike particularly mass consumed cooking fuel LPG and Kerosene.

"We are trying to resolve the stalemate and will meet the Prime Minister soon," Petroleum Minister Murli Deora told reporters after a meeting with Chidambaram.