Monday, May 16, 2011: A day after oil firms hiked petrol rates by a steep Rs. 5 per litre, Finance Minister Pranab Mukherjee had on Sunday said that a ministerial panel will decide on raising diesel, LPG and kerosene prices next week.An Empowered Group of Ministers (EGoM) headed by Finance Minister is likely to deliberate on oil ministry’s demand for a minimum Rs. 4 a litre hike in diesel price and Rs. 25 per cylinder increase in LPG rates to partly bridge the gulf between domestic prices and their international cost.
“A decision will be taken on raising prices of these items when the EGoM meets next week,” Mukherjee told reporters here after meeting Congress MLAs elected in the West Bengal Assembly elections.
He, however, neither gave the date of the EGoM meeting nor the quantum of hike the panel may consider. The EGoM was originally scheduled to meet on May 11, a day after polling in West Bengal ended but the panel meeting was postponed and no new dates have been intimated yet.
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