India needs to review gas pricing mechanism - finance minister

NEW DELHI Wed Jun 25, 2014 7:09pm IST

Finance Minister Arun Jaitley speaks during a news conference in Srinagar June 15, 2014. REUTERS/Danish Ismail

Finance Minister Arun Jaitley speaks during a news conference in Srinagar June 15, 2014.

Credit: Reuters/Danish Ismail

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NEW DELHI (Reuters) - Finance Minister Arun Jaitley said the mechanism for raising gas prices needed to be reviewed, TV channels reported on Wednesday.

Jaitley's comments followed news that the government had deferred the decision to raise prices of locally produced gas by three months.

(Reporting by Tommy Wilkes; editing by Malini Menon)

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