B4U India: Ministers may suggest fuel price hike - secy

Ministers may suggest fuel price hike - secy
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reuters india on 11 December, 2007 02:20:00
 
NEW DELHI (Reuters) - Union Oil Secretary M.S. Srinivasan said on Monday a panel
of ministers, formed to look into the pricing of essential commodities, might
recommend an increase in petrol and diesel prices.
The panel, which is scheduled to meet on Dec. 14, could also suggest changes in
taxes on petrol and diesel.
A surge in global crude oil prices has left state-run oil companies losing
millions of dollars a day as they have to sell fuel at cheap rates.