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Monday, June 7, 2010

Fuel prices must be increased - Ahluwalia

"For six months I have been saying we should; I haven't changed my mind," Montek Singh Ahluwalia, deputy chairman of the Planning Commission, told reporters when asked if the time was right to increase fuel prices.

A panel of ministers, including Ahluwalia, will later on Monday debate the political hot potato of reviewing the way it prices motor and cooking fuel prices, seeking a way to improve its financial health even as it tries to shield its 1.2 billion citizens from high inflation.

India's April annual wholesale price inflation was at 9.59 percent.

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