The government is likely to announce a hike in fuel prices on Wednesday to bail out state-owned oil marketing companies (OMCs) that are suffering massive financial losses due to skyrocketing international crude prices. The decision will be first taken at a meeting of the Cabinet Committee on Political Affairs (CCPA) scheduled for the morning and later ratified by the Cabinet.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/oil-price-hike-likely-today
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/hindu-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/lpg
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/diesel
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrol
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing