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Minimal hike in petroleum price on cards

New Delhi, Jan 17: There is a strong case to hike the retail prices of petrol and diesel, to offset the impact of the spiralling international crude prices, said a top petroleum ministry official today. The official said changes any in the prices of LPG and kerosene are unlikely. ''We will convince the cabinet which can be called at a short notice about any recommendation that EGoM makes,'' the official said. We are also looking at the possibility of duty rationalisation, he added.

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Rice questions why Saudi might need nuke energy

Washington, Dec 16: US Secretary of State Condoleezza Rice today questioned why oil-rich Saudi Arabia might want nuclear power and said she wanted to know more about plans by Gulf states to study nuclear energy. ''I'd like to know more about it and I think it's something that we should have discussions (about),'' Rice told Reuters when asked about the six-member Gulf Cooperation Council's decision to study a possible joint civil atomic program......
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