An increase in the prices of petrol, diesel, kerosene and LPG is inevitable says the panel formed under former Planning Commission member Kirit Parikh. It is anticipated that there will be a hike of Rs 3/liter for petrol, Rs 1/liter for diesel, Rs. 6/liter for kerosene and Rs 100/cylinder for LPG.

Though the recommendation will not be accepted completely by the government, taking into consideration the huge hike in LPG, which the center may restrain from, it looks it that motor fuel prices may see a rise in the future days.

The Oil Minister Murali Deora said the Parikh report will be taken to the Cabinet and the hike cannot be delayed any more.

With the 3G radio spectrum auction being put off, it is expected that subsidizing motor fuel prices may not happen in the near future.