The government today said it had no plans to increase fuel prices in the near future and said that a call would be taken after the crude prices stabilised. “There is no need to talk about revision just now. Let the prices stabilise first,” Petroleum and Natural Gas Minister Murli Deora said on the sidelines of a conference here.
On Friday, the prices of crude touched the year’s high, at above $74 a barrel.
The government had increased fuel prices last month following successive increase in global crude prices.
Last month, the government increased the petrol and diesel prices by Rs 4 and Rs 2 per litre, respectively, to cut losses of oil companies. Two Congress-led states — Maharashtra and Haryana — are going in for Assembly elections in October and this would certainly not be the right time for the government to think of a fuel price hike, he said.
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