Kochi (Kerala), Dec 30 : Union Petroleum and Natural Gas Minister Murli Deora has said the Government has decided to bring down the prices of petrol, diesel, kerosene and LPG further following the fall in international oil prices.
Deora added that the announcement could be made in a few weeks.
He was speaking here during a function to facilitate Hibi Eden, who was recently elevated as president of the National Student Union of India (NSUI), the student wing of the Congress.
Deora said oil prices in the international market had come down to 37 dollars to 38 dollars a barrel.
Union Govern
ONGC is likely to secure the minimum threshold of shareholder acceptances to acquire the UK-listed Imperial Energy. Final decision by the shareholders would be taken on Tuesday. ONGC can acquire Imperial Energy only after getting nod form 90% shareholders of Imperial Energy. Imperial maintains huge gas and oil reserves in the Russian field and Indian government recently allowed ONGC to go for the acquisition for energy security of the country. 
Nicosia, Dec 30 : Dana Gas country Director for Egypt Hany Elsharkawi has announced a new important gas and condensate discovery at the El Basant-2 well, in the West El Manzala Concession in the Nile Delta.
Nagpur - based Confidence Petroleum has informed that it has acquired 80% equity stake in Garg Distilleries, for an undisclosed amount. 
The union government gave nod to an integrated energy policy to ensure the energy security and adequate economic growth in a recent meeting of the union cabinet. The meeting was held under the chairmanship of PM Dr. Manmohan Singh. 
