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Oil price hike not the only solution: Deora

{image-murli deora_03012008.jpg news.oneindia.in}

New Delhi, Jan 3: Petroleum Minister Murli Deora today said hiking retail prices of oil is not the only solution to combat the rising prices of crude oil and the government was also considering duty cut to deal with the situation.

''We have to find the best solution and we are considering duty cuts to deal with the situation,'' Mr Deora told reporters here. Mr Deora said the government has been in touch with all parties on the issue and the Left parties were ready to co-operate with it to find a solution to the problem of surging oil prices.


UNI

GoM on fuel prices to meet on Jan 21

New Delhi, Jan 20: The Group of Ministers (GoM) that will meet here tomorrow to take a final call on hike in retail fuel prices is expected to submit their recommendations to the Cabinet for its nod this week. ''The GoM is most likely to recommend a rise in retail prices of petrol and diesel this week,'' Petroleum Secretary M S Srinivasan said. The GoM met on Thursday to finalise the proposed price hike, but the meeting remained inconclusive and.....
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