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Centre to monitor crude oil prices before petro hike
Published on 28 Jun. 2009 12:30 AM IST
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The Government on Saturday said it will watch the situation on international crude oil prices before deciding on the petroleum price hike. “Unfortunately the international crude oil prices have gone up. We are watching the situation,” Union minister for petroleum and natural gas Murli Deora told reporters in Panaji. He said the government will wait for little more to check whether the prices stabilise. “The cabinet will discuss the crude oil prices before deciding on the matter,” he added. The minister was in the state to participate in the conclave of oil companies. Deora along with Union minister of state for petroleum and natural gas Jitin Prasada met Goa chief minister Digamber Kamat and other state government officials. The Union minister said the Congress-led-government is fully aware that poor people suffer due to price hike. and hence had cut down the prices when international prices are reduced.

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