Fuel price hike deferred: When will govt bite the bullet?

The government deferred the petrol price for now; but may hike petrol, diesel, LPG and kerosene prices simultaneously as early as next week as Oil Minister Jaipal Reddy said difficult and painful decisions need to be taken. On today’s episode of We Mean Business, experts R S Pandey, former Petroleum Secretary, energy expert Narendra Taneja, Seshadri Chari, national executive member of BJP, Aditi Phadnis, political editor at Business Standard, and R S Sharma, former CMD of ONGC discuss if the government will finally bite the bullet and take some bold decisions on raising fuel prices.