subsidies on kerosene and cooking gas will be extended
after the March 2007 deadline, petroleum minister Murli
Deora said in New Delhi today and as such their retail
prices are not going to be increased.
said Congress party president Sonia Gandhi had instructed
the government to ensure that the prices of fuels used
by the poor should not be increased.
government had said in 2002 that it would phase out
subsidies on LPG and kerosene over three years, which
was extended in 2005 to 31 March 2007. Deora is meeting
finance minister P Chidambaram next week to discuss
subsidies and duty changes for the sector.
petrol and diesel prices were cut marginally in November
2006 by 4.25 per cent and 3 per cent respectively in