Before taking any decision on the price hike of petroleum, the Government today said that it will watch the situation on international prices of crude oil.

Murli Deora, the Union minister for petroleum and natural gas said to the media, “Unfortunately the international crude oil prices have gone up. We are watching the situation.”

He also added that the government is going to wait for little more to check whether the prices stabilise. He further added that the cabinet will discuss the prices of crude before deciding on the matter.”

Deora told these is Panaji. He was there to participate in the conclave of oil companies. He and Union minister of state for petroleum and natural gas Jitin Prasada met the chief minister of Goa, Digamber Kamat, and other state government officials.

He also said that the Congress-led-government is aware that poor people suffer due to price hike and due to this reason the government had cut down the prices when international prices are reduced.