The Cabinet, headed by Prime Minister Manmohan Singh, is likely to meet on Monday to consider raising petrol and diesel prices necessitated due to a surge in international crude oil prices.
"As of now, the Cabinet is scheduled to meet at 4 pm on Monday," a senior government official said.
Petroleum minister Murli Deora is, however, opposed to even a marginal increase in fuel prices and is instead seeking a cut in excise duties on petrol and diesel.
The official said the Cabinet will have to decide between raising of fuel prices that has the backing of Finance Minister P Chidambaram and cutting duties as desired by Deora.
http://timesofindia.indiatimes.com/Business/Cabinet_meets_tomorrow_over_fuel_price_hike/articleshow/2752770.cms
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