LPG prices may go up

NEW DELHI, AUG. 30. The Petroleum Minister, Mr. Ram Naik, today warned that prices of kerosene and LPG may have to be revised to reduce the subsidy within the current fiscal. Under the schedule for dismantling the administered pricing mechanism (APM) for oil products, prices will have to be adjusted so that the subsidy reaches 33.3 per cent for kerosene and 15 of import parity for LPG.