God! Another fuel Hike??

The government is "seriously concerned" about the rise of crude oil prices in the global market and is looking at various options, including raising fuel prices, to tackle the situation, Petroleum Minister Murli Deora said here Monday.

"We are seriously concerned about the rise in crude oil prices," he told reporters after meeting Finance Minister Pranab Mukherjee to discuss his budget wishlist.

"We have to seriously look at solutions... the alternatives before us are raising petrol and diesel prices, asking the government to make up for revenue loss through issuing oil bonds and upstream firms chipping in," Deora said.

The minister, however, refused to confirm whether a fuel price hike was imminent. "I cannot say anything on that," he said.

DailyPioneer



Well well well,another fuel price hike..??
Hope the government won't be so cruel on vehicle owners.People have lost count of the number of times fuel prices have gone up in the last 8 to 10 years.

The goverment should come up with some other way other than the hike.They just cannot continue to put the burden on the common man.It's just not on..