Kirit S Parikh panel on diesel pricing gets one month extension

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Currently, diesel is priced at trade parity, of which 80 per cent is import price and 20 per cent export rate. (AP) Currently, diesel is priced at trade parity, of which 80 per cent is import price and 20 per cent export rate. (AP)
Summary'I think he has asked for extension, we have given him an extension by one more month.'

crore in 2012-13. Another Rs 2,245 crore would have been saved on LPG and Rs 1,001 crore on kerosene during the period.

The saving would come from the removal of import duty and notional transportation cost in the import parity price.

For the current fiscal, the total subsidy for selling diesel, kerosene and LPG at rates below cost was put at Rs 80,000 crore in April but has now climbed to around Rs 1,30,000 crore as the falling rupee has made imports costlier.

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