No immediate plan to increase fuel prices: Oil Minister Jaipal Reddy

PUBLISHED ON: September 7, 2012 | Duration: 2 min, 42 sec

   
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Oil minister Jaipal Reddy on Friday denied speculation that oil marketing companies were going to hike the prices of fuel. The minister said that there was a need to lower the under-recoveries faced by the oil companies by selling fuel at subsidized rates.
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