"Hopefully, by May 31, we will have a solution," Deora told reporters after a meeting with Prime Minister Manmohan Singh. Finance Minister P Chidambaram, External Affairs Minister Pranab Mukherjee and planning commission deputy chairman Montek Singh Ahluwalia were also present at the meet.
The price hike is one part of a multi-pronged relief package being finalised by the government for the cash-strapped government owned oil companies