New Delhi(IANS) : The meeting of the ministerial panel on fuel price hike scheduled for Dec 14 has been deferred, Petroleum and Natural Gas Minister Murli Deora said Thursday.
“The meeting will be reconvened in two weeks,” he added while talking to media persons.
Deora said the government was looking seriously at transport and cooking fuel prices.
The group of ministers was constituted by Prime Minister Manmohan Singh last month to suggest ways to soften the impact of the rising global crude oil prices on the government-owned oil marketing companies.
The oil companies are projected to lose Rs.700 billion in financial year 2007-08 if they are not allowed to raise retail prices of fuel.
SUPPORT TWOCIRCLES
HELP SUPPORT INDEPENDENT AND NON-PROFIT MEDIA. DONATE HERE