Decision on revising oil prices in a few days
By Our Economy Bureau | 04 Nov 2004
New Delhi: The central government will take a decision on revising oil prices in the next one or two days. This was stated by finance minister P Chidambaram after a meeting of the cabinet committee on economic affairs (CCEA) yesterday.
The minister for petroleum and natural gas, Mani Shankar Aiyar, gave a detailed presentation to the CCEA on the situation arising out of the galloping crude oil prices.
"Another meeting of the CCEA will be held in the next 24 to 48 hours to take a final decision," Chidambaram said.
Retail prices of petrol and diesel have not been raised since August despite soaring crude oil prices because of opposition from alliance partners within the Congress-led UPA Government.
