No roll-back of increase in diesel prices: govt

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PTI: Jaipur, Jan 19 2013, 15:35 IST

this is the only commodity where we have the regulations." (

Asked about the impact of the decision on Railways, Moily said it will "largely" have no impact as bulk buyers purchase other inputs and fuels at commercial rates.

"They are all running commercially and ultimately they have to find their own budget," he said.

Railways buy 2.428 million tonnes of diesel annually and will have to shell out Rs 2,727 crore more for buying the fuel at market price. State transport undertakings would have to shell out an additional Rs 2,462 crore for buying 2.192 million tonnes of diesel at market price.

Defence, the third largest bulk buyer, would pay an additional Rs 299 crore for purchase of their annual 267,000 tonnes of diesel.

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sadasivan | 20-Jan-2013Reply | Forward

The real reason for hikes in petroleum fuels:- MNC are entering Retail Trading in these areas,[petroleum fuels marketing],after FDI has been allowed in "some" states,the decision being left to the latter.