Government seeks expert group advice on petroleum and diesel prices

The Government will set up an Expert Group to advice on a viable and sustainable system of pricing petroleum products. It is important to recognize that with almost three quarters of our oil consumption met through imports, domestic prices of petrol and diesel have to be broadly in sync with global prices of these items, he added. The Union Minister of Finance Shri Pranab Mukherjee while presenting the budget 2009-10 in Lok Sabha today said that the details about this expert group will be announced by the Minister of Petroleum and Natural Gas.

Source : Equity Bulls

Keywords