Mar 24, 2012 01:31 PM IST | Source: CNBC-TV18

Govt hints at hike in petrol, gas prices

Union minister for petroleum, Jaipal Reddy, says the government is keen on hiking gas prices and adds that petrol deregulation would go on. Oil PSUs are on wait-and-watch mode.

The PM on Friday hinted at a possible increase in gas prices in an address at the Asia Gas Partnership Summit in New Delhi. He added that the economic exploitation of natural resources should lead to a mutually beneficial investment for both investors and the people of India.

Speaking to CNBC-TV18, Union minister for petroleum, Jaipal Reddy, said,

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