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Construction : General1213 | May 2011 | Source : Construction Update

Diesel, petrol rates may go up

Diesel and petrol prices may go up to Rs 3 per liter after the assembly elections in five states and Finance Minister Pranab Mukherjee has been reported to discuss the price hike with an Empowered Group of Ministers (EGoM) soon.

Since, EGoM is working to find out ways to diminish Rs 180,000-crore revenue loss as reported by state-owned oil firms in 2011-12, government is most likely to increase the prices for both diesel and petrol. Sources said that hike in LPG rate may also be discussed in the meeting.

 
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