No immediate hike in fuel prices: Oil minister

Oil Minister, S Jaipal Reddy has said that fuel price hike is not on the cards however the central government will continue to bear the brunt of under recoveries. Reddy also said that the prices of Liquefied Petroleum Gas, (LPG) would also not be increased. Reddy added that a draft of the new Shell gas policy would also be put across to the cabinet after detailed discussions with the stakeholders.