Deora rules out immediate hike in petroleum prices

The prices keep going up and down every day. You can’t decide every day what happens. The prices have to be stablised. We will study for a month or six weeks….,” Deora told reporters at the sidelines of a function.

When asked whether the Government would affect any increase in petrol and diesel prices in the eventuality of crude prices touching USD 75 per barrel level,Deora said,”We will see it when it happens.”

On July 1,the Government increased the petrol and diesel prices by Rs four and two per litre respectively to cut losses of oil companies.