New Delhi, June 22: A ministerial panel will on Friday consider raising petrol and diesel prices by Rs 2-4 per litre, even as the government's key allies TMC's Mamata Banerjee and NCP supremo Sharad Pawar appear opposed to a fuel price hike. The eight-member Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee will for the second time this month meet on June 25 to consider freeing petrol and diesel prices from government control. "Friday is the meeting of EGoM," Oil Minister Murli Deora said but declined to elaborate on the agenda before the EGoM. Banerjee and Pawar had abstained from the panel's first meeting on June 7, leading to postponment of a decision.
 Sources said with DMK leader and Fertilizer Minister M K Alagiri on-board, the EGoM may push for freeing petrol prices, a move that will see rates in Delhi rising by Rs 3.73 a litre. Petrol in Delhi currently costs Rs 47.93 per litre. A similar decision on diesel would have resulted in rates going up by Rs 3.80 per litre but Banerjee and Pawar remain opposed to any increase in prices of a fuel that is used by transport and agriculture sector and has inflationary impact. With global crude oil trading below USD 80 a  barrel, Deora sees this as the last opportunity to usher in reforms in the sector which otherwise would need Rs 74,300 crore in doles to bridge the gap between retail prices and the imported cost. In absence of a consensus on freeing diesel prices, the oil ministry may push for a minimum Rs 2 per litre increase in rates, sources said.

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