India may review oil prices after parliament session
Reuters | HT Correspondent, New Delhi
Aug 07, 2007 03:55 PM IST
An oil ministry source says a price revision in the retail fuel prices can take place if global prices remain high.
India may review retail fuel prices after the monsoon session of parliament ends in mid-September if global prices remain high, an oil ministry source told Reuters on Tuesday.
"No price hike is in the offing immediately," the source said.
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"We have written to the finance ministry not recommending fuel price increase but seeking oil bonds. However, if the global crude oil prices remain high then a price revision could take place after the parliament session."
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