Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Diesel price hike likely after presidential polls

Diesel price hike likely after presidential polls

Share this article Share this article
published Published on Jul 13, 2012   modified Modified on Jul 13, 2012
-NDTV

India is likely to raise diesel prices after the presidential polls on July 19, an oil ministry official said on Thursday, as the government attempts to cut the amount of money it pays out to keep prices lower.

"This has been the thinking for quite some time," that a price rise could come after presidential polls, the official said, requesting anonymity.

"It is inevitable. By how much I can't say," he added.

The government heavily subsidizes diesel prices as the fuel powers much of the economy, especially in farming and transportation.

The official added that petrol prices—ostensibly already freed from government controls—were currently not causing any losses for India.

"It is under control, there is volatility both on the rupee front and oil prices (global) at the moment we are not incurring any loss," he said.

The government had in June 2010 announced the deregulation of petrol and diesel prices. Oil companies raised prices with immediate effect—petrol became dearer by Rs 3.50 and diesel by Rs 2. The opposition parties later raised objection to hiking the price of diesel, forcing the government to retract the deregulation of diesel. The Rs 2 hike was immediately rolled back after this.

The opposition argued that the fuel was used largely by the transport and the agriculture sector, and a price hike would push up prices of almost all other products, including food.

With inputs from Reuters

NDTV, 12 July, 2012, http://profit.ndtv.com/News/Article/diesel-price-hike-likely-after-presidential-polls-sources-307770


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close