No return to administrative prices for petroleum: Moily

November 23, 2013 21:35

Union Minister of Petroleum and Natural Gas M Veerappa Moily today made it clear that there would be no return to the Administrative Price Mechanism for petroleum products as the country has gone too far ahead in the deregulation price policy.

"The country has gone far ahead in the deregulation price policy of petroleum products and there is no question of going back to administrative prices," he told reporters.

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