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Hike up to 28.9% in petroleum products also recommended following a surge in international market prices
Will also give shape to third-party access rules to implement planned reforms
Company representative offers reduction in fuel marking price in exchange for the extension
Technical committee has already picked UK’s Authentix for implementing the programme
Wants to ensure competitive tariff in line with existing oil transportation fee
Producers and marketers will set prices according to the formula
Say fuel being sold is in accordance with approved specifications issued by Ministry of Energy, Petroleum Division
HSD may also become dearer by Rs5.19 for November
Forms committee of state-run LPG producers to determine fuel prices
Tanker owners threaten to go on strike from Oct 23