Prime Minister?s Economic Advisory Council (PMEAC) chairman C Rangarajan pitched for freeing diesel prices, but suggested that it should be done when inflation starts declining. ?Diesel is like any other commodity and (oil marketing) companies should be allowed to fix prices. The most appropriate time for doing it will be when inflation starts declining,? Rangarajan told reporters on the sidelines of Bancon 2011.
Rangarajan favours diesel price decontrol
Prime Minister?s Economic Advisory Council chairman C Rangarajan pitched for freeing diesel prices, but suggested that it should be done when inflation starts declining.
