HPCL Chairman S Roy Choudhury says oil firms are not facing any pressure from the government to roll back prices.
New Delhi: As the UPA allies pressurise the Centre to roll back the petrol price hike, oil companies fear that they may have to bear the brunt of coalition politics.
HPCL Chairman S Roy Choudhury said, "We are not facing any pressure from the government for prices. We haven't got any instructions for any rollback of price. We still have 0.2 paise under recovery, so we cannot be reducing prices."
The pressure on the Centre is growing as the Trinamool Congress MPs meet the Prime Minister and Trinamool Chief and West Bengal Chief Minister Mamata Banerjee meets Finance Minister Pranab Mukherjee on Tuesday.
However, it remains to be seen whether the Centre will bow down to the pressure and roll back the petrol prices.
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