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Fuel prices may rise as EGoM meets today

New Delhi: The Empowered Group of Ministers’ meet comes on the back of Oil Minister Murli Deora’s proposal to free petrol prices from government control and link it with global markets, which could trigger a price hike of Rs 3.73 per litre on petrol and Rs 3.80 per litre on diesel.

A proposed price hike of Rs 25 per cylinder for LPG is also on the cards. The government is all set for the tough decision as it also faces opposition from key allies like the NCP and the Trinamool Congress.

Trinamool leader and Railway Minister Mamata Banerjee called on Finance Minister Pranab Mukherjee late Thursday, apparently to discuss the contentious issue of increasing petrol and diesel prices.

Banerjee is believed to have expressed her reservations on raising fuel prices at a time when food prices are already ruling high.

The meeting lasted nearly 45 minutes. Banerjee, however, did not answer any queries from waiting journalists.

The panel may, however, approve a maximum increase of Rs 2 per litre for diesel. Banerjee had skipped the last EGoM meet on June 7.

NCP supremo Sharad Pawar, too, had abstained from the panel’s meeting on June 7.

Sources had said that with DMK leader and Fertilizer Minister M K Alagiri on board, the EGoM may push for freeing petrol prices, a move that will see rates in Delhi rising by Rs 3.73 a litre. Petrol in Delhi currently costs Rs 47.93 per litre.

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