Monday, July 6, 2009

Union Budget 2009 | Panel to look at pricing of hydrocarbon fuels

A high-powered panel on pricing of hydrocarbon fuels was announced by Finance Minister Pranab Mukherjee with crude oil prices once again surging in global markets.

Mukherjee said the finer points of the panel's terms of reference will be announced by Petroleum Minister Murli Deora.

The government last week had permitted oil retailing companies to raise the prices of transport fuels by Rs.4 per litre for petrol and Rs.2 per litre for diesel, while keeping pricing of cooking fuels untouched.

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