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: 73 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]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = '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: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/diesel-prices-should-be-decontrolled-14266/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/diesel-prices-should-be-decontrolled-14266/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
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: 74 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]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = '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: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/diesel-prices-should-be-decontrolled-14266/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/diesel-prices-should-be-decontrolled-14266/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
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]Code Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f5778fe1e26-trace').style.display = (document.getElementById('cakeErr67f5778fe1e26-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f5778fe1e26-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f5778fe1e26-code').style.display = (document.getElementById('cakeErr67f5778fe1e26-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f5778fe1e26-context').style.display = (document.getElementById('cakeErr67f5778fe1e26-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f5778fe1e26-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67f5778fe1e26-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 14142, 'title' => 'Diesel prices should be decontrolled', 'subheading' => '', 'description' => '<div style="text-align: justify"> -The Economic Times </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage. </div>', 'credit_writer' => 'The Economic Times, 9 April, 2012, http://economictimes.indiatimes.com/opinion/editorial/diesel-prices-should-be-decontrolled/articleshow/12588249.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'diesel-prices-should-be-decontrolled-14266', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 14266, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 14142, 'metaTitle' => 'LATEST NEWS UPDATES | Diesel prices should be decontrolled', 'metaKeywords' => 'Inflation', 'metaDesc' => ' -The Economic Times Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. 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Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage.</div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 14142, 'title' => 'Diesel prices should be decontrolled', 'subheading' => '', 'description' => '<div style="text-align: justify"> -The Economic Times </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. 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The government needs to promptly decontrol diesel prices and put paid to...' $disp = '<div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/diesel-prices-should-be-decontrolled-14266.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Diesel prices should be decontrolled | Im4change.org</title> <meta name="description" content=" -The Economic Times Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Diesel prices should be decontrolled</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage.</div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. 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The government needs to promptly decontrol diesel prices and put paid to...', 'disp' => '<div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage.</div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 14142, 'title' => 'Diesel prices should be decontrolled', 'subheading' => '', 'description' => '<div style="text-align: justify"> -The Economic Times </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. 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The government needs to promptly decontrol diesel prices and put paid to...' $disp = '<div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/diesel-prices-should-be-decontrolled-14266.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Diesel prices should be decontrolled | Im4change.org</title> <meta name="description" content=" -The Economic Times Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Diesel prices should be decontrolled</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage.</div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? 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The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. 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Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. 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The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide.&nbsp; </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage. </div>', 'credit_writer' => 'The Economic Times, 9 April, 2012, http://economictimes.indiatimes.com/opinion/editorial/diesel-prices-should-be-decontrolled/articleshow/12588249.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'diesel-prices-should-be-decontrolled-14266', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 14266, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 14142 $metaTitle = 'LATEST NEWS UPDATES | Diesel prices should be decontrolled' $metaKeywords = 'Inflation' $metaDesc = ' -The Economic Times Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to...' $disp = '<div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/diesel-prices-should-be-decontrolled-14266.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Diesel prices should be decontrolled | Im4change.org</title> <meta name="description" content=" -The Economic Times Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Diesel prices should be decontrolled</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage.</div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. 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Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. 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Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage.</div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 14142, 'title' => 'Diesel prices should be decontrolled', 'subheading' => '', 'description' => '<div style="text-align: justify"> -The Economic Times </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. 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In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide. </div> <div style="text-align: justify"> <br /> </div> <div style="text-align: justify"> What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. 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Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide. </div><div style="text-align: justify"><br /></div><div style="text-align: justify">What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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Diesel prices should be decontrolled |
-The Economic Times Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget. Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over the boundary for a dubious six. Reportedly, the consumption of diesel, by far the most used petroleum product, grew a breakneck 11.9% in February: far higher than the overall increase in economic output. Industries are now coolly burning diesel in place of fuel oil because it is artificially cheaper to do so thanks to warped policy! Diesel consumption grew at a sedate 5.1%, during 2002-09, as per the Kirit Parikh committee report. The jack-up in the trend rate of diesel consumption even as retail prices remain unrevised would be at huge national cost. It would add to the ballooning under-recoveries, the difference between notional cost and realised prices of the trio of public sector oil marketing companies. A big chunk of the deficit would need to be squared with budgetary funds, raised through borrowing, raising the fiscal deficit and putting upward pressure on interest rates. In tandem, the subsidy regime implies that the oil companies would need to make large unscheduled market borrowings, which given the volumes in oil would, likewise, only add to liquidity pressures and rev up the cost of funds for all and sundry. In the process, private sector efficiency in marketing and distribution is squeezed out of the entire oil sector, which now accounts for over a tenth of all value-added economy-wide. What we get instead is much opacity, the lack of efficiency prices in oil and continuing high inflationary expectations. Further, the rising trend in diesel demand almost certainly calls for added capital-intensive refining capacity. Hence the pressing need to decontrol diesel, restrain consumption and expressly economise on oil usage.
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