Governance Now Visionary Talks Series

Fuel price hike may not be steep

The government is unlikely to go for a steep hike in fuel prices as suggested by an expert group

PTI | February 4, 2010



A day after an expert group suggested freeing petrol and diesel prices and steep hikes in LPG and kerosene rates to combat the rising input cost, the government hinted on Thursday that it may not accept the report in totality and will protect the common man's interest.

"The government will ensure that least burden is passed on to the poor and common man... while also ensuring that the financial health of PSU fuel retailers is protected," Minister of State for Petroleum and Natural Gas Jitin Prasada said here.

Besides, deregulating auto fuel prices, which would result in hike in petrol price by Rs 4.72 a litre and diesel by Rs 2.33 per litre, the panel also suggested raising LPG rates by Rs 100 per cylinder and kerosene by Rs 6 per litre.

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