New Delhi: Government will decide on increasing petrol, diesel, LPG and kerosene prices within the next 24-48 hours.

This was announced by Finance Minister P Chidambaram after a meeting of the Cabinet Committee on Economic Affairs (CCEA).

A final decision on the matter could not be taken due to the absence of Agriculture Minister Sharad Pawar, Defence Minister Pranab Mukherjee and Railway Minister Laloo Prasad Yadav from the meeting.

A CCEA meeting will be called in the next 24-48 hours to decide on the matter.