FM to set up experts to advice on petroleum prices

New Delhi, Jul 6: Finance Minister Pranab Mukherjee on Monday Jul 7 said that the government will set up an expert group to advice on a viable and sustainable system of pricing petroleum products.

Presenting the budget for 2009-10, Mukherjee said, "It is important to recognize that with almost three quarters of our oil consumption met through imports, domestic prices of petrol and diesel have to be broadly in sync with global prices of these items."

The Minister further added that the details about this expert group would be announced by Minister for Petroleum and Natural Gas Murli Deora.

ANI