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Home > Business > PTI > Report

Further cut in petrol, diesel prices likely: Naik

April 16, 2003 20:13 IST

Petroleum Minister Ram Naik hinted on Wednesday that fuel prices may come down further if the international crude prices of Brent fall to around $20-22 per barrel.

Talking to news persons in Mumbai on Wednesday, Naik said he met Maharashtra Chief Minister Sushilkumar Shinde over allowing Mahanagar Gas Ltd to resume laying and commissioning CNG (compressed natural gas) pipelines in the city, which had come to a halt following two fires during the past few months.

The government has also given permission to MGL to commission 16 new CNG outlets in Mumbai by June and has identified 17 plots for setting up more outlets, he said.

Laying of pipelines had been temporarily suspended following two fires in suburban Andheri during the past two months. He said permission would be given to MGL to carry out corrective measures for safety enhancement as per the technical committee's findings.

Naik said Shinde had also agreed to reconsider the recommendations regarding pricing structure for various categories, to pass on the benefit to the consumers.

He said the ministry has sought waivers of sales tax on ethanol used for blending in petrol, export fee of Rs 2,000 per kilo litre and state excise administration fee besides simplification of procedures.



© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.





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