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,