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Murli Deora hints at fuel price hike | Petroleum Minister Murli Deora on Monday hinted at a hike in fuel prices, asserting that a final call on it would be taken by the Group of Ministers in the meeting to be held
in New Delhi on June 7. "The losses incurred by the oil companies and something
the government should do about this. The suggestions came forth was that some
people say that we have to increase the price. If we sell kerosene at rupees 9,
we are loosing so much money. After the oil price has increased we are making
heavy losses on petrol, diesel and LPG," said Deora. "We would not like to increase
the price but sometimes it's just not possible because the import of oil is just
prohibitive," he added. Deora further said the rise in crude oil prices is a matter
of concern and is likely to impact India. The consultative committee meeting of
Parliament members attached to the Ministry of Petroleum and Natural Gas was held
here today in which they reportedly discussed the problems faced by the oil companies
in the country. |
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