New Delhi, May 10: “The Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee (on fuel price hike) was to meet tomorrow evening. It has been put off,” Oil Minister S Jaipal Reddy told reporters here.
EGoM was to meet tomorrow to consider raising the diesel price by Rs 3-4 a litre and domestic LPG rates by Rs 20-25 per cylinder.
“It has been postponed to accommodate some ministers…
It could be anytime on (May) 17 or 18,” he said.
State-owned oil firms, however, are likely to get the go-ahead to raise the price of petrol, which they have not revised since January on informal ‘advice’ from the government in view of Assembly elections in five states
—–PTI—–