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Petrol price hike this week
Posted on: 11/May/2011 4:29:32 AM
The Empowered Group of Ministers (EGoM) on fuel pricing under Pranab Mukherjee is meeting on Wednesday to clear a proposal to increase auto fuel prices by upto Rs 3 per litre. The hike might well have been in the range of Rs 4 to 5 per litre, had petroleum minister Jaipal Reddy not put his foot down.
However, the government has given its consent to state-owned oil firms to hike petrol prices, which has been decontrolled last June.
“Petrol prices may be raised as early as Thursday-Friday night,” an official said.
