Crucial meet on oil prices today
Deora meets Dr. Singh, seeks sharp hike to bail out OMCs Under-recoveries of OMCs could touch Rs. 200,000 crore this fiscal, Prime Minister told Stand-off between Petroleum, Finance Ministries figure in Manmohan-Deora meeting NEW DELHI: A crucial meeting of the Empowered Group of Ministers (EGoM) on petroleum has been convened for Wednesday to discuss proposals to hike the price of petrol and diesel, cut import duties on crude oil and lower excise on the two fuels.
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