Centre monitoring crude oil prices before petro hike: Deora - Hindu

Panaji (PTI): Union Minister of Petroleum and Natural Gas Murli Deora on Saturday said that the Government is monitoring the international crude oil prices before deciding on the petroleum product price hike.

Manufacturer of oil tanks India.

"Unfortunately, the prices of crude oil have gone up recently. We are just watching the situation. We are concerned about the hike in the crude oil prices," Mr Deora told reporters here. "We have to wait a little more to see whether they (international prices) stabilise. We can think something only when volatility is reduced. That's why we have not taken any decision," the minister said.

Full Story: Centre monitoring crude oil prices before petro hike: Deora - Hindu