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Fuel price review in a week: Deora
Special Correspondent
NEW DELHI: Under pressure from across the floor for a reduction in fuel prices, Union Minister for Petroleum and Natural Gas Murli Deora on Thursday informed the Lok Sabha that the Union government was reviewing the situation and would announce a decision within a week.
Members walk out
Unhappy at the Minister’s failure to give a categorical assurance on reducing fuel prices, the National Democratic Alliance members staged a walkout followed by those of the CPI(M) and the BSP.
The Minister drew flak from not just the Opposition, but also from a party colleague over the issue as members wanted to know why the government was not reducing the fuel prices despite it dipping below $67 a barrel.
According to Mr. Deora, the benefit of softening of the international oil prices had been partly offset by the depreciation of the rupee by about 20 per cent since April.
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