Today's CCPA meet would not decide on price hike in diesel, cooking gas and kerosene: Jaipal Reddy
SME News, Tuesday, Sep 11, 2012 17:14:35 PM IST
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NEW DELHI: A meeting of the Cabinet Committee on Political Affairs (CCPA), slated for later on today, would not consider a price hike of diesel, cooking gas and kerosene, as indicated by Union oil minister S Jaipal Reddy.
“If (price increase) is taken up today (by CCPA), which is not very likely, some decisions may be taken. If it is not taken up today, decision will be postponed,” he said.
CCPA is headed by Prime Minister Manmohan Singh.
“There is a meeting of the CCPA (this evening). This item (increase in diesel and cooking fuel) is not listed,” the minister added after meeting Finance Minister P Chidambaram in New Delhi.
Yesterday, the minister had circulated an updated version of a note detailing the crisis created by increase in crude oil prices and decline in value of rupee against the US dollar to members of CCPA.
“I have tried to acquaint the members of CCPA about this matter... As I have said before, painful and difficult decisions on price of oil products will have to be taken. Increase in price is unavoidable,” the minister expressed.
The decision of fuel price hike would be taken up at the next meeting of the Cabinet committee which takes decision that have wider political ramifications.
