June 7, 2010 7:00 PM

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Empowered GOM defers decision on freeing petrol prices

A Empowered ministerial group,EGOM, today deferred a decision on freeing petrol and diesel prices from government control for want of quorum, but discussed the impact of such a move on inflation.<br/> <br/>Oil Secretary S Sundareshan said after the meeting that no decision was taken in the meeting and another round will be held soon to thrash out the issue.The meeting was chaired by the Finance Minister Mr.Pranab Mukherjee.Planning Commission Deputy Chairman Montek Singh Ahluwalia, Fertiliser Minister M K Alagiri, Oil Minister Murli Deora and Cabinet Secretary K M Chandrasekhar were present in the meeting .<br/> <br/>Railway Minister Mamata Banerjee, Agriculture and Food Minister Sharad Pawar, Road Transport Minister Kamal Nath and Power Minister Sushilkumar Shinde Could not attend.<br/> <br/>Freeing petrol and diesel prices would mean hike in rates of these fuels.Our correspondentquoting officail sources reports atht the Oil Ministry made a presentation to the eGoM on the recommendations of the Kirit Parikh Committee that suggested freeing fuel prices from government control.<br/>Earlier some UPA constituents including the NCP and Trinamul Congress had voiced their opposition to the oil price hike.<br/>

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