Government trying its best to control oil prices, says Murli Deora
February 1st, 2010 - 10:00 pm ICT by ANI
New Delhi, Feb. 1 (ANI): Union Petroleum Minister Murli Deora said on Monday that the government was trying its best to curb a rise in petrol and diesel prices in the country.
Deora further said that fuel prices will not be increased till the Kirat Parikh Committee, which was instituted for making recommendations on carrying out reforms in the oil sector, including price mechanisms, submitted its report.
“The government is very worried about increasing prices. If the prices of diesel increases by even two rupees, it will have a cascading effect on all other items,” said Deora.
Deora is scheduled to meet Union Finance Minister Pranab Mukherjee on Tuesday to discuss about compensation for losses incurred by oil marketing companies, which have been selling fuel at subsidised rates.
The losses incurred by these oil-marketing companies in this fiscal year, amount to rupees 430 billion. (ANI)
- Deora to meet Pranab over fuel price determination - Feb 02, 2010
- No fuel price hike till committee submits report: Deora - Feb 01, 2010
- No decision on fuel price hike yet, says Deora - Feb 14, 2010
- Public Sector Oil companies ask for compensation - Jan 14, 2010
- Opposition misleading people on price rise issue: Murli Deora - Jul 03, 2010
- Petrol price hiked by Rs.6.28 plus taxes, industry welcomes move (Second Lead) - May 23, 2012
- No government role in petrol price hike: Pranab - Nov 05, 2011
- EXpert group's report on fuel pricing by month-end - Jan 20, 2010
- Government intervention if crude oil prices turn volatile: Deora - Jul 02, 2010
- May consider reduction of diesel subsidy : Reddy - Feb 15, 2012
- No fuel hike now, will ask more money for oil firms: Deora (Lead) - Feb 01, 2010
- Petrol price hiked by Rs.7, opposition and allies fret (Intro Roundup) - May 23, 2012
- Murli Deora hints at fuel price hike - May 24, 2010
- No alternative to petrol price hike: Deora - Jan 17, 2011
- Government will check oil price fluctuation: Deora - Oct 27, 2010
Tags: diesel prices, fiscal year, fuel prices, losses, marketing companies, murli deora, New Delhi, oil prices, oil sector, parikh, petrol, petroleum, pranab mukherjee, price mechanisms, rupees, union finance minister