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Fuel price hike on hold for now
Sujay Mehdudia
NEW DELHI: The proposed hike in prices of petroleum products is understood to have been put on hold for a few days as there is no certainty of the Group of Ministers (GoM), headed by External Affairs Minister Pranab Mukherjee, meeting to take a decision on the issue this week.
Deora’s London visit
Official sources said Petroleum and Natural Gas Minister Murli Deora, along with the Petroleum Secretary and a senior official, will leave for London on Tuesday for the road shows planned to highlight the New Exploration Licensing Policy VII announced last month.
Mr. Deora will return on January 27 and in his absence there is little chance of the GoM holding a meeting.
The GoM meeting on January 17 remained inconclusive. Mr. Deora had indicated that hike would be “minimal to protect the common man.”
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