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]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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: 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]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
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 Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Government agrees in-principle to free diesel prices: Finance Ministry    </title>
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-PTI





The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.&nbsp;





&quot;Government has, in principle, agreed to make the prices of diesel market determined,&quot; Minister of State for Finance..."/>
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-PTI





The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.&nbsp;





&quot;Government has, in principle, agreed to make the prices of diesel market determined,&quot; Minister of State for Finance..." />
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                            <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Government has, in principle, agreed to make the prices of diesel market determined,&quot; Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a large budgetary expenditure on subsidies.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;There is no proposal at present to fully deregulate cooking gas price,&quot; Meena said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said the government continues to fix the price of diesel in order to shield the common man from the impact of rising crude oil prices and the resultant inflation.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In order to insulate the common man from the impact of rise in international oil prices and the domestic inflationary conditions, the government continues to modulate the retail selling price of diesel,&quot; Meena added.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Global crude oil prices have surged since the beginning of 2012 on account of geo-political concerns in the Middle East and abundant global liquidity. The price of Brent crude rose to $120 a barrel in mid-April from $111 in January.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">For the current fiscal, the government has made a provision of Rs 43,580 crore for oil subsidies, of which Rs 40,000 crore has been earmarked as compensation to oil marketing companies (OMCs) for selling petroleum products at lower than market rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">During the 2011-12 fiscal, the government has paid Rs 65,000 crore to OMCs on account of under-recoveries, of which Rs 20,000 crore alone was for the January-March quarter.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">High subsidies are putting pressure on the country's fiscal deficit, which touched 5.9 per cent of GDP last fiscal and is pegged at 5.1 per cent in 2012-13. India imports about 80 per cent of its crude oil requirement.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government targets to bring down the subsidy bill to below 2 per cent of GDP this fiscal and 1.75 per cent in the subsequent years.&nbsp;</div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/policy/government-agrees-in-principle-to-free-diesel-prices-finance-ministry/articleshow/12851121.cms" class="re" target="_blank">The Economic Times, 24 April, 2012, http://economictimes.indiatimes.com/news/economy/policy/government-agrees-in-principle-to-free-diesel-prices-finance-ministry/articleshow/12851121.cms</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Government agrees in-principle to free diesel prices: Finance Ministry    </title>
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-PTI





The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.&nbsp;





&quot;Government has, in principle, agreed to make the prices of diesel market determined,&quot; Minister of State for Finance..."/>
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-PTI





The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.&nbsp;





&quot;Government has, in principle, agreed to make the prices of diesel market determined,&quot; Minister of State for Finance..." />
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                            <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Government has, in principle, agreed to make the prices of diesel market determined,&quot; Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a large budgetary expenditure on subsidies.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;There is no proposal at present to fully deregulate cooking gas price,&quot; Meena said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said the government continues to fix the price of diesel in order to shield the common man from the impact of rising crude oil prices and the resultant inflation.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In order to insulate the common man from the impact of rise in international oil prices and the domestic inflationary conditions, the government continues to modulate the retail selling price of diesel,&quot; Meena added.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Global crude oil prices have surged since the beginning of 2012 on account of geo-political concerns in the Middle East and abundant global liquidity. The price of Brent crude rose to $120 a barrel in mid-April from $111 in January.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">For the current fiscal, the government has made a provision of Rs 43,580 crore for oil subsidies, of which Rs 40,000 crore has been earmarked as compensation to oil marketing companies (OMCs) for selling petroleum products at lower than market rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">During the 2011-12 fiscal, the government has paid Rs 65,000 crore to OMCs on account of under-recoveries, of which Rs 20,000 crore alone was for the January-March quarter.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">High subsidies are putting pressure on the country's fiscal deficit, which touched 5.9 per cent of GDP last fiscal and is pegged at 5.1 per cent in 2012-13. India imports about 80 per cent of its crude oil requirement.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government targets to bring down the subsidy bill to below 2 per cent of GDP this fiscal and 1.75 per cent in the subsequent years.&nbsp;</div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/policy/government-agrees-in-principle-to-free-diesel-prices-finance-ministry/articleshow/12851121.cms" class="re" target="_blank">The Economic Times, 24 April, 2012, http://economictimes.indiatimes.com/news/economy/policy/government-agrees-in-principle-to-free-diesel-prices-finance-ministry/articleshow/12851121.cms</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Government agrees in-principle to free diesel prices: Finance Ministry    </title>
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-PTI





The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.&nbsp;





&quot;Government has, in principle, agreed to make the prices of diesel market determined,&quot; Minister of State for Finance..."/>
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-PTI





The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.&nbsp;





&quot;Government has, in principle, agreed to make the prices of diesel market determined,&quot; Minister of State for Finance..." />
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    <h1 class="cat-box-title">Government agrees in-principle to free diesel prices: Finance Ministry</h1>
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                            <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Government has, in principle, agreed to make the prices of diesel market determined,&quot; Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a large budgetary expenditure on subsidies.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;There is no proposal at present to fully deregulate cooking gas price,&quot; Meena said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He said the government continues to fix the price of diesel in order to shield the common man from the impact of rising crude oil prices and the resultant inflation.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;In order to insulate the common man from the impact of rise in international oil prices and the domestic inflationary conditions, the government continues to modulate the retail selling price of diesel,&quot; Meena added.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Global crude oil prices have surged since the beginning of 2012 on account of geo-political concerns in the Middle East and abundant global liquidity. The price of Brent crude rose to $120 a barrel in mid-April from $111 in January.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">For the current fiscal, the government has made a provision of Rs 43,580 crore for oil subsidies, of which Rs 40,000 crore has been earmarked as compensation to oil marketing companies (OMCs) for selling petroleum products at lower than market rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">During the 2011-12 fiscal, the government has paid Rs 65,000 crore to OMCs on account of under-recoveries, of which Rs 20,000 crore alone was for the January-March quarter.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">High subsidies are putting pressure on the country's fiscal deficit, which touched 5.9 per cent of GDP last fiscal and is pegged at 5.1 per cent in 2012-13. India imports about 80 per cent of its crude oil requirement.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government targets to bring down the subsidy bill to below 2 per cent of GDP this fiscal and 1.75 per cent in the subsequent years.&nbsp;</div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/policy/government-agrees-in-principle-to-free-diesel-prices-finance-ministry/articleshow/12851121.cms" class="re" target="_blank">The Economic Times, 24 April, 2012, http://economictimes.indiatimes.com/news/economy/policy/government-agrees-in-principle-to-free-diesel-prices-finance-ministry/articleshow/12851121.cms</a><div class="clear"></div>
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Home हिन्दी

Government agrees in-principle to free diesel prices: Finance Ministry

Published on Apr 24, 2012   Modified on Apr 24, 2012

-PTI The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.  "Government has, in principle, agreed to make the prices of diesel market determined," Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.  While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a large budgetary expenditure on subsidies.  "There is no proposal at present to fully deregulate cooking gas price," Meena said.  He said the government continues to fix the price of diesel in order to shield the common man from the impact of rising crude oil prices and the resultant inflation.  "In order to insulate the common man from the impact of rise in international oil prices and the domestic inflationary conditions, the government continues to modulate the retail selling price of diesel," Meena added.  Global crude oil prices have surged since the beginning of 2012 on account of geo-political concerns in the Middle East and abundant global liquidity. The price of Brent crude rose to $120 a barrel in mid-April from $111 in January.  For the current fiscal, the government has made a provision of Rs 43,580 crore for oil subsidies, of which Rs 40,000 crore has been earmarked as compensation to oil marketing companies (OMCs) for selling petroleum products at lower than market rates.  During the 2011-12 fiscal, the government has paid Rs 65,000 crore to OMCs on account of under-recoveries, of which Rs 20,000 crore alone was for the January-March quarter.  High subsidies are putting pressure on the country's fiscal deficit, which touched 5.9 per cent of GDP last fiscal and is pegged at 5.1 per cent in 2012-13. India imports about 80 per cent of its crude oil requirement.  The government targets to bring down the subsidy bill to below 2 per cent of GDP this fiscal and 1.75 per cent in the subsequent years.

The Economic Times, 24 April, 2012, http://economictimes.indiatimes.com/news/economy/policy/government-agrees-in-principle-to-free-diesel-prices-finance-ministry/articleshow/12851121.cms

Tagged with: Energy subsidies Inflation

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