No hike in fuel prices for time being: Centre

Srinagar, Jun 18: The Centre today ruled out immediate hike in prices of petrol and petroleum products despite recent gains in international crude oil sparked by worries of low fuel supplies from creaking US refineries and an upsurge of violence in West Asia.

''We have no plans to hike prices of petrol or petroleum products in the near future,'' Union Petroleum and Natural Gas Minister Murli Deora told a news conference here.

However, he said his Ministry keeps reviewing the prices of petrol and petroleum products regularly according to increase or decrease in the international market.

Mr Deora was here to chair an interactive session on marketing related plans of the oil industry for Jammu and Kashmir, Himachal Pradesh and Uttarakhand.

UNI