Plan panel favours hike

PRESS TRUST OF INDIA

New Delhi, June 7: Ahead of the meeting of a ministerial panel on fuel prices, Planning Commission Deputy Chairman Montek Singh Ahluwalia today spoke in favour of a hike in petrol and diesel rates.
 "For six months, I have been saying we should...I haven't changed my mind," Ahluwalia replied, when asked whether this is the right time to increase fuel prices.
 The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, is meeting today to consider the Kirit Parikh Committee report calling for freeing of petrol and diesel prices from government control, besides a steep hike in LPG and kerosene rates to cut the subsidy bill.
 Earlier, Ahluwalia had told PTI in an interview, "India's international economic reputation requires us to say that fuel prices are going to be linked to global prices. I think that linkage (of fuel prices with global prices) is unavoidable.

Lastupdate on : Mon, 7 Jun 2010 21:30:00 Makkah time
Lastupdate on : Mon, 7 Jun 2010 18:30:00 GMT
Lastupdate on : Tue, 8 Jun 2010 00:00:00 IST



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