"We are hopeful of an EGoM meeting soon ... hopefully it may happen next week," Oil Secretary S Sundareshan told reporters here.
He said that there was a need to raise diesel and LPG prices but refused to say on the quantum of hike the EGOM may consider.
The EGoM was earlier to meet on December 22 but was postponed on the unavailability of a couple of members.
Published 21 December 2010, 11:47 IST