New Delhi, Feb 4 : The Union Cabinet on Monday deferred its meeting that was scheduled to take a decision on hiking petrol and diesel prices.
Prime Minister Manmohan Singh headed Cabinet was to take a final decision on the recommendations of the Group of Minister (GoM) for hike in fuel prices.
According to sources, petrol price could be hiked by two rupees a litre, while diesel price could be hiked by one rupee per litre with some cut in excise duty on the two fuels.