Diesel rate hike put off to check prices
THE government has indefinitely deferred a hike in diesel rates despite soaring crude oil prices to prevent a further increase in prices, particularly of food items, Petroleum Minister Murli Deora said.
Oil marketing companies are demanding higher prices because crude oil has been trading at about $90 a barrel for a month, even as state-set diesel rates have not been changed since June.
Publication Date:
06/01/2011