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Rise in fuel prices seems imminent

Sujay Mehdudia

NEW DELHI: A hike in the prices of diesel and petrol seems imminent.

The Empowered Group of Ministers headed by Finance Minister Pranab Mukherjee is scheduled to meet on June 25 to take a final decision on the issue amid reports that a consensus on fuel hike seems to have emerged among the Congress and its allies. A fuel hike became apparent on Monday when Petroleum Minister Murli Deora wrote a letter to the Chief Ministers to bring down sales tax and VAT on petrol and diesel and rationalise the whole gamut of State taxes on petroleum products.

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