New Delhi: A panic button has been pressed among the common people in India, as a government panel recommended hike in petrol, diesel, LPG Cylinders and kerosene prices. The latest report came amid rising food prices in the country, which is affecting the common man hard.

According to media reports, an expert group, headed by Kirit Parikh, suggested deregulation of petrol and diesel prices. The panel recommended a hike of Rs 4.72 for deregulated petrol and Rs 2.33 for deregulated diesel.

The common people will be hit hard, if the panel's recommendations are accepted. The LPG prices could go up by Rs 100 and kerosene by Rs 6 per litre, says the report. The government is yet to confirm the media reports over the proposed hike in fuel prices.