KOLKATA: Diesel, LPG and kerosene prices may also go up shortly, finance minister Pranab Mukherjee hinted in Kolkata on Sunday.
The UPA government had kept fuel price rise in abeyance keeping in mind the five state assembly elections. Petrol prices were increased by Rs 5 per litre just after the election results were declared.
Pranab said an empowered group of ministers (EGOM) headed by him would decide on the price rise when it meets next week.
He said the government has no control over petrol prices since they had been deregulated in June 2010. ''Oil marketing companies decide petrol prices. The state-run oil companies hiked petrol prices by Rs 5 a litre on Saturday. For other petroleum products like diesel, LPG and kerosene there is the empowered GOM,'' he said.
The finance minister said petroleum prices were increased last time when it was $68 per barrel. ''But now it is at $110 per barrel. A subsidy of Rs 26 was given on a litre of kerosene, Rs 16 on a litre of diesel and Rs 320 per LPG cylinder,'' he said.
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