Government today said it would announce its decision in this regard in Parliamen
An output decision would help bolster plunging oil rates, Khelil said.
Light sweet crude for January was down USD 1.27.
India Inc on Friday said there is scope for further cuts.
The three companies together posted a loss of Rs 12,987 crore.
It can't be done before that becoz of the Election Commission's code of conduct.
The January contract Friday rose 51 cents to settle at USD 49.93.
They even do not rule out a possibility of 30 dollars.
State-run oil retailers have started making profits on sale of Petrol & Diesel.
Oil fell for a fifth straight session to approach $50 a barrel on Thursday.
