No roll-back of increase in diesel prices: Moily
Press Trust of India: Jaipur, Jan 20 2013, 20:53 IST
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 R2,727 crore more for buying the fuel at market price. State transport undertakings would have to shell out an additional R2,462 crore for buying 2.192 million tonnes of diesel at market price. Defence, the third-largest bulk buyer, would pay an additional R299 crore for purchase of their annual 267,000 tonnes of diesel.
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