October 15, 2012 7:59 PM

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Govt rules out any further hike in diesel, LPG prices

The Union Minister for Petroleum and Natural gas, Jaipal Reddy has ruled out any increase in the prices of LPG and Diesel anytime soon and has said that Government and Oil Marketing Companies will have to share the burden of under-recoveries.Speaking to reporters in New Delhi on Monday Mr. Reddy said that even if the fuel prices increase in the middle-eastern countries there is no question of further touching the LPG and diesel prices.The Minister also said that the Government is not in favour of increasing the fuel prices even if the under-recoveries burden increase.

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