India's oil ministry to seek free pricing of gasoline

India’s oil ministry is likely to seek free pricing of gasoline in the country during its meeting with the country’s prime minister. “The oil ministry wants the price of gasoline to be free of government control and that diesel prices should be raised gradually to market level,” a source who attended a meeting to finalize the oil ministry’s presentation said. The source, who did not want to be identified, said that the oil ministry is seeking a rise in gasoline prices even as the Kirit Parikh committee report is expected to submitted by the end of the month. India’s federal government had set up a panel headed by Kirit Parikh, a former member of the country’s plan panel, to suggest a new mechanism to regulate the prices of four petroleum products in the country. (January 11, 2010)