Decision on petrol price rollback in a few days: ReddyMay 25th, 2012 - 7:42 pm ICT by IANS
New Delhi, May 25 (IANS) Just two days after the state-run oil marketing companies announced the steepest hike so far in petrol price, Petroleum Minister S. Jaipal Reddy Friday said the government was monitoring the situation and would take a “definitive” view in a few days.
“I will come back to you with a definitive view in a few days,” Reddy told reporters while reacting on the petrol price hike.
Reddy said he has discussed the issue with Finance Minister Pranab Mukherjee and would consult state governments to explore the possibilities of lower taxes, in order to reduce the burden on the common man.
The government-run oil marketing companies Wednesday announced a sharp increase in petrol price. In Delhi, the price was hiked by Rs.7.54 per litre.
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Tags: common man, definitive view, few days, finance minister, jaipal reddy, lower taxes, marketing companies, New Delhi, petrol price hike, petroleum, possibilities, pranab mukherjee, rollback, state governments