Date:17/06/2005 URL: http://www.thehindubusinessline.com/2005/06/17/stories/2005061703080100.htm

Back Decision on petro price hike deferred

Our Bureau

New Delhi , June 16

A DECISION on revising petroleum prices was deferred by the Cabinet Committee on Economic Affairs today.

When asked if the issue was listed for the CCEA meeting, the Finance Minister, Mr P. Chidambaram, said, "Yes, but it has been deferred by a few days because some important Ministers were not present."

The matter is to be taken up in the next CCEA meeting, which, the Finance Minister indicated, could possibly be on Saturday.

A moderate hike in petrol and diesel prices was being considered with a view to limiting the impact on the common man.