August 1, 2012. With a high-powered ministerial panel on fuel pricing being scrapped, a cabinet committee may consider raising the prices of diesel, LPG and kerosene, Oil Minister S Jaipal Reddy indicated but refused to say when the issue would be taken up. After Pranab Mukherjee quit as Finance Minister to become the President, the Empowered Group of Ministers (EGoM) on fuel prices he headed has been scrapped. Diesel, domestic cooking gas (LPG) and kerosene prices have not been raised since June 25 last year even though cost of raw material (crude oil) has spiralled and rupee depreciated against US dollar, making imports even more costlier.