Oil Price issue did not figure on the agenda of the Union Cabinet here today, even as Petroleum Minister Mulri Deora met the public sector oil refiners to discuss ways and means to handle the spike in global crude oil prices.


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Petroleum ministry officials later told reporters that the retail&nbsp; price hike of petroleum products seem inevitable and added that a proposal on the matter for the consideration of the cabinet will be prepared by later today. </P>
</p><p class='TableClas'>The measures are likely to include a mix of duty cut, further bond issues, upstream sharing and a moderate price hike. <BR></P></p></table>


Oil price issue not on the agenda

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