Diesel price hiked 45p per litre, petrol cheaper by 25p

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Express news service :New Delhi, Jan 18 2013, 02:55 IST

The government on Thursday cleared “small” increases in the price of diesel in the coming days, while seeking to sweeten the pill by raising the cap on subsidised cooking gas cylinders from six to nine per household.

Late Thursday evening, Indian Oil Corporation announced an increase of 45 paise per litre in the price of diesel, effective midnight. IOCL also cut the price of petrol by 25 paise per litre. Both price changes were excluding VAT, and effectively translate into an increase of 50 paise and a decrease of 30 paise for the two auto fuels respectively at pumps in Delhi. Prices at pumps in other cities will vary according to prevalent taxes.

Bulk consumers such as state transport corporations and the Railways will no longer be eligible for subsidy, and will pay “non-subsidized market determined” prices. IOCL said diesel for bulk consumers will be dearer by Rs 9.25 per litre, excluding VAT, from Thursday midnight.

“As a result..., under recoveries on diesel both bulk and retail shall decrease by approximately Rs 3,400 crore till March 2013,” the IOCL statement said.

The cabinet committee on political affairs (CCPA) considered political repercussions and the impact on the aam aadmi before deciding to stagger the increase in the price of diesel over several small doses.

The CCPA meeting considered the report of the Vijay Kelkar committee that had recommended wiping out the entire Rs 9.60 per litre subsidy on diesel through increases of Re 1 per litre every month. While agreeing that an

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pankaj singla | 19-Jan-2013Reply | Forward

om ji swami ramdav ji haridwar swami ji i am happy to your products my reqest for swami ji for joining i hope you

Hike price of Diesel for cars

Pankaj Khullar | 18-Jan-2013Reply | Forward

There is no doubt that hike in diesel price will hike prices of everything, and the consumer will eventually pay. Interestingly, every copy of Times of India, published from Chandigarh, that costs Rs 2 in Chandigarh, carries a Rs 1.50 transport charge for places in HP. I feel producers are making more profits under the garb of compensating for diesel price hikes. This is totally unwarranted. There is a strong case for the government to remove all subsidy on diesel sold to cars and SUVs - the fuel guzzlers. Diesel cars are only owned by the more affluent who can afford to pay the initial higher cost. Why should they be subsidised by the govt. for running their cars? Surely the oil companies can devise a workable mechanism to distinguish between and account for diesel sold for trucks/buses/tractors/pumpsets and the high end diesel cars!

DEVILS ARE RULING INDIA??

pannalalnawalkha | 18-Jan-2013Reply | Forward

NEEDLESS TO SUBSTANTIATE,THIS GOVT. 'IS GOVT. FOR RICH','GOVT. BY CRIMINALS', AND 'CONGLOMERATE OF LIARS'. THEY ARE PEOPLE IN POWER BENT UPON IMPLODING INDIA THROUGH THEIR POLICIES TORTURING COMMON MEN OF INDIA. TOTALLY BANKRUPT FOR COMPREHENDING PEOPLE;S NEEDS AND CONCERN.THEY ARE EITHER UNDER 'BRAINWASHED' CONTROL OF ITALIAN BORN SUPREMO WITH THE POSSIBILITY OF HIDDEN OBJECT IN HER MIND TO DESTABILISE AND DISMEMBER INDIA OR TOTAL FAILURE TO UNDERSTAND PEOPLE'S DEMOCRACY.