The government has no immediate plans to raise fuel prices, the country's petroleum secretary said on Tuesday, after a newspaper report that auto fuel prices could be raised early next year.
The Hindustan Times newspaper, without citing any sources, said in a report that prices of auto fuel could increase "anytime early next year."
"There is no such proposal yet," Petroleum Secretary R S Pandey told Reuters, when asked to comment on the news report.
India previously raised fuel prices by as much as 10 percent in July, when global crude oil prices were hovering at about $70 a barrel.
U.S. crude for February delivery fell 28 cents to $78.49 a barrel by 0332 GMT.
State-run refiners sell petrol, diesel, kerosene and cooking gas at low government-fixed rates to control inflation and help the poor, and receive partial compensation from the government.
(Reporting by Nidhi Verma; Editing by Michael Urquhart)
Find the Meanings of the English Words?.. Visit.. http://thesmsboss.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment