|
|
|
|
|
6th Rajabul Murajab 1436 | Monday, Apr 27, 2015
Business

Diesel price may be hiked by Rs 2 per litre, say sources

Monday, 7 January 2013
Comments(0)
January 07:

Prime Minister Manmohan Singh has warned that the government must raise diesel, kerosene and cooking gas prices in a phased manner as India's fuel prices are well below international prices. Sources have told Network 18 that the government may consider hiking diesel prices by Rs 2 to 3 per litre and LPG by Rs 50 to 75 rupees, in line with the Kelkar committee report recommendations.

"Energy remains under priced in our country, with coal, petroleum products and natural gas prices well below international prices. To meet our target of rapid, inclusive and sustainable growth we must undertake a phased rationalisation (rpt) rationalisation of energy prices to bring them in line with world prices," Prime Minister Manmohan Singh said on Monday.

Laying the foundation stone of the Rs 20,000 crore BPCL-Kochi Refinery's Integrated Refinery Expansion project at nearby Ambalamugal, Singh said adequate supplies of energy at affordable prices was needed for the country to achieve its target of rapid growth.

Noting that the country was dependent on imports to meet major portion of its crude oil requirements, he said large-scale investment was required for exploration of oil and gas within the country as also acquisition of overseas assets in the sector and strengthening of the marketing and distribution infrastructure.

The government was committed to encouraging companies to undertake domestic exploration for oil and gas and the public sector companies were also looking at opportunities abroad. The BPCL had made some significant successes in the upstream exploration and production sector, particularly in Mozambique and Brazil, he said.

--PTI

Latest News

Telcos seek level playing field to be viable over Net Neutrality

Amid raging debate over Net Neutrality, mobile operators today said if they are not offered a level ...

Apple Watch begins global launch

The Apple Watch made its global debut today in a launch aimed at making the California giant the overnight leader in wea ...

Faster, higher quality 3-D camera developed

Inspired by the human eye, scientists, including one of Indian-origin, have developed an inexpensive ...

Related News

Centre mulls to extend DBT to other schemes

The Government will consider extending Direct Benefit Transfer (DBT) of subsidies to some other cent ...

Fruit, vegetable production likely to slide by 1 pc: Govt

The growth rate of fruit and vegetable production is likely to decline by almost one per cent in 20 ...

RBI directs banks to include ‘third gender’ column in all their form...

In a move aimed at helping transgender persons open bank accounts and avail related services, the Re ...

Post new comment

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

Rs. 26460 (Per 10g)

Opinion Poll
Should media and the government leave Rahul Gandhi alone on his comeback from sabbatical?
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