Diesel price must be hiked by Rs 4 immediately: Kirit Parikh panel

Sep 28 2013, 18:44 IST
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Kirit Parikh Committee recommended that the existing trade parity pricing be continued until diesel price is market based. Kirit Parikh Committee recommended that the existing trade parity pricing be continued until diesel price is market based.
SummaryThe panel has favoured continuing the existing pricing principles for controlled petroleum products.

for diesel be retained with an increase in its retail price by Rs 4 per litre “immediately” and the remaining subsidy recovered from consumers through a monthly price hike of Re 1 per litre One-fourth of the LPG subsidy should be passed on by increasing the price of subsidised domestic LPG before March 2014 and the balance passed on at 25% in each year during the next three years

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