|
|
|
|
|
6th Jamadi-ul-Awwal 1436 | Friday, Feb 27, 2015
Business

Diesel, kerosene, LPG prices may go up soon

Friday, 4 January 2013
Comments(0)
New Delhi, January 04:

Diesel, kerosene and cooking gas prices may be hiked soon while the government may separately take up a proposal to raise cap on supply of subsidised LPG cylinders.

The government may take a look at raising the cap on supply of subsidised LPG cylinders to 9 per household in a year from current limit of six along with the Vijay Kelkar Committee recommendations to deregulate diesel prices by next year along with steep hike in cooking fuel rates.

The Kelkar Committee, which was appointed by Finance Ministry to suggest a roadmap for fiscal consolidation, had recommended an immediate hike in price of diesel by Rs 4 per litre, of kerosene by Rs 2 a litre and of LPG by Rs 50 per cylinder.

"That (Vijay Kelkar committee recommendation on deregulating diesel and raising kerosene and LPG rates) is a proposal. It is still at proposal stage. The (Petroleum) Ministry is only processing that report and we are yet to take a decision," Oil Minister M Veerappa Moily told reporters here.

Though the Minister did not indicate a price hike soon, officials speaking on condition of anonymity said a proposal based on Kelkar Committee recommendations will be taken to Cabinet soon and rates will go up if it is approved.

Price of diesel, which currently costs Rs 47.15 per litre in Delhi, was last revised on September 14 when it was hiked by a steep Rs 5.63 per litre. Kerosene rates have not changed since June 2011 and it currently costs Rs 14.79 per litre in Delhi.

State-owned oil companies currently sell diesel at a loss of Rs 10.16 per litre, kerosene at Rs 32.17 a litre and LPG at Rs 490.50 per 14.2-kg cylinder.

Moily said the government was also considering raising the cap on supply of subsidised cooking gas (LPG) cylinders to 9 per household in a year from current limit of six.

--PTI

Latest News

Mufti to be sworn in as CM on Sunday, PM to attend

Setting the stage for the installation of PDP-BJP government in Jammu and Kashmir on Sunday, Prime M ...

Uber cab driver alleges police probe not fair

Uber cab driver Shiv Kumar Yadav, facing trial for allegedly raping a woman executive who he was fer ...

Turkey, US to start training Syrian rebels from March 1

Turkey and the US will launch a programme for training and equipping Syrian rebels March 1, spokesma ...

Related News

Apple enjoyed 89 pc of smartphone profits in Q4 last year

Apple enjoyed 89 percent of all smartphone profits in Q4 last year. According to Tech Crunch, Str ...

TinyOwl raises 16M dollars in Series B funding round to spread across 50...

India-based food ordering service TinyOwl reportedly landed 16 million dollars in a Series B funding ...

Adani Power is top private electricity sel...

Adani Power Ltd (APL) has emerged as the biggest private sector electricity seller to the Gujarat government in the last two years. The ...

Post new comment

To combat spam, please enter the code in the image.

Rs. 26260 (Per 10g)

Opinion Poll
Do you think the dharna against Modi Government's land ordinance would be successful?
YesNoCan't say

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, Telangana, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com