The Prime Minister-appointed Kirit Parikh Committee has suggested freeing petrol and diesel prices and called for raising LPG rates by a steep Rs 100 per cylinder and kerosene by Rs 6 a litre. The recommendations may not be acceptable to the government battling high inflation. CNN-IBN spoke to Secretary of the Ministry of Petroleum and Natural Gas S Sundareshan about the recommendations and the likely price hike.
Cabinet likely to discuss issue of fuel price hike on Thursday evening.
http://www.ibnlive.com/news/inflationhit-govt-wary-of-increasing-fuel-prices/109636-3.html
Suggestions may not be acceptable to the government battling high inflation.
http://www.ibnlive.com/news/panel-suggests-steep-hike-in-fuel-lpg-prices/109631-3.html
India Inc says the move will help oil cos reduce their huge subsidy burden.
http://www.ibnlive.com/news/india-inc-welcomes-petrol-price-hike/96130-7.html
Common people and Opposition parties alike criticised the hike.
http://www.ibnlive.com/news/common-people-opposition-sore-over-fuel-price-hike/96129-3.html
Petrol and diesel prices will be de-regulated but not kerosene and LPG.
http://www.ibnlive.com/news/government-considering-hike-in-fuel-prices/95766-7.html
Crude oil prices are ruling at USD 71-72 a barrel, a seven-month high.
http://www.ibnlive.com/news/govt-mulls-fuel-price-hike-to-gap-revenue-deficits/94953-7.html
The aviation sector is hit hard by high fuel costs and economic crisis.
http://www.ibnlive.com/news/airlines-to-pay-fuel-dues-in-6-monthly-instalments/76461-7.html
The RBI had cut CRR recently and is continuously monitoring the markets.
http://www.ibnlive.com/news/rbi-cuts-repo-rate-by-100-bps--bankers-surprised/76273-7.html
RBI has crafted out careful measures to avert a crisis like the one in US or UK.
http://www.ibnlive.com/news/rbi-reinvents-game-more-cash-poured-in-to-beat-crunch/75902-7.html
Vivian Fernandes explains the jargon behind the problem.
http://www.ibnlive.com/news/ibnlive-chat-the-price-youll-have-to-pay-for-inflation/69038-3.html
Increase in oil prices to about 50 per cent earlier had raised concerns.
http://www.ibnlive.com/news/oil-prices-slide-to-less-than-142-per-barrel/68500-7.html
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