New Delhi: A day before the scheduled date for revision in petrol and diesel prices, Petroleum Minister Mani Shankar Aiyar today (Nov 29, 2004) remained non-committal on any change in the price line.

"Let us wait and see," Aiyar said in reply to reporters' queries on whether the present practice of fortnightly revision in petrol and diesel prices will be followed at the next due date on November 30 and prices altered in step with international fuel price movements.

Asked to comment on Prime Minister Manmohan Singh's indication of the Government evolving a more stable pricing regime of fixing prices, he said, "The Prime Minister is in Vientiane. I have yet to speak to him. Let him come back."

Aiyar said that the petrol prices were revised downward on November 15 as a result of their being aligned with the international prices. "With international prices falling, petrol prices were also lowered." However, diesel prices were not aligned with global prices and therefore, there was no change in them.

He did not say if this anomaly would be addressed by tomorrow (Nov 30, 2004), the next due date for revision in petrol and diesel prices according to the current formula of fortnightly fixing of prices.

Asked if the Government could scrap the fortnightly revision and fix prices every quarter, he said, "I don't know."