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FE Home - Story

Any fuel price rise to be minimal: Oil Min

Reuters
Posted: Jan 18, 2008 at 1148 hrs IST
Updated: Jan 18, 2008 at 1204 hrs IST


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IOC to face net loss of 5,800 cr in 2008-09Indian oil imports from Middle East up 11 pc, says...Crude shock: Petrol dearer by Rs 5/ltrFuel hike: Cabinet decision on Wednesday

Oil Minister Murli Deora said on Friday that any rise in retail prices of petrol and diesel would be minimal, and the top official in his ministry said ministers would meet again on Saturday to discuss the increase.

A ministerial meeting on Thursday, widely expected to recommend India's first price hike in more than 18 months, ended without a decision.

Indian oil firms are forced to sell fuel at discounted rates and have been hit by a surge in global crude prices.

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