OilMin proposes Rs 1/litre a month hike in diesel prices
Jan 09 2013 , New Delhi
"We have moved the cabinet note last week. It has a number of combinations including the ... recommendation of raising diesel prices by one rupee per month for 10 months," one of the sources said.
The other source said the government would also consider raising the cap on LPG cylinders from six to nine.
"The Cabinet proposal has been moved but it is not listed for tomorrow's meeting," he said.
India, which imports more than 80 percent of its fuel needs, liberalised petrol prices in June 2010 but continues to regulate diesel prices to protect the poor.
Prime Minister Manmohan Singh has recently said the country must gradually bring local fuel prices in line with global prices.