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Marginal rise in petroleum prices on anvil: Govt

Published on Tue, Jan 08, 2008 at 11:33 |  Source : CNBC-TV18

Updated at Wed, Jan 09, 2008 at 08:43  

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Petroleum Secretary M S Srnivasan said there could be a rise in petroleum prices soon after the Group of Ministers' meet on January 17, reports CNBC-TV18. The shortage of exploration rigs will be sorted out in the next three years, he said.

 

According to Srinivasan, rules for NELP-VII have been relaxed. "Technical qualification is only a threshold criteria now."

 

 

  

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