Rathinam College
Vol 5 Issue 16, Apr 18 - 24, 2014
    Citizen Reporters      |   | Submit Story
Green WarriorsSocial EntrepreneursUnsung Heroes

Diesel price to go up 40-50 paise a litre every month

24-Apr-2014

New Delhi
Posted 01 Feb 2013

Diesel prices will be hiked by 40-50 paise a litre every month to gradually eliminate the fuel subsidy, Oil Minister Veerappa Moily said Friday.

"Until further orders, oil marketing companies (OMCs) can increase it (diesel price) by 40-50 paise (per litre) every month," Moily told mediapersons here.

State-run refiners currently sell diesel at a loss of Rs.10.80 per litre.

The government had Jan 17 permitted the OMCs to set diesel prices in a move that could help the government reduce its budget-busting subsidy bill.

OMCs followed it up next day with a price hike of 45 paise per litre.

Diesel currently costs Rs.47.65 in Delhi, Rs.51.51 in Kolkata, Rs.53.71 in Mumbai and Rs.50.68 in Chennai.

Moily said he had heard of states like Gujarat and Tamil Nadu asking their public transport fleet to refuel at petrol pumps instead of the current practice of buying diesel from oil firms so as to save on the price difference.

"We need to look into that (matter). I have also heard about it," Moily said.

He added that instead of buses being asked to refuel at petrol pumps, the state governments should reduce high local sales tax or value added tax on diesel to cut prices.

The government had decided to charge bulk diesel consumers like defence, railways and state transport companies the market price -- almost Rs.10 a litre more than the retail selling rate -- to save an estimated Rs.12,907 crore in annual subsidy. - IANS



Print  |  Email  | 
 Share   

You might also like:

Virulent pogroms

There had been no civil war in Sri Lanka but only virulent pogroms against the Tamil people, says Brian Senewiratne, the Sinhalese doctor in Australia, in this second part of a series for TWL

Read More

Inside Idukki

Tucked away inside a heavily forested area, Kerala's only Scheduled Tribes (ST) panchayat Idamalakkudy is losing its rich biodiversity, say officials, who are planning an intervention program

Read More

Stephen Cars
FPJs Meet Vidyaakar
adyar bakery
 
TWL Campaign



Popular Stories

Benign borrow

Entire India will soon come under the cover of Arogya Finance that lends money for the poor to go for medical treatment. Supported by social venture funds, Arogya is in nine States and has helped over 400 persons, says Kavita Kanan Chandra

Read More

Pet project

‘Rickshaw Bank’ is a project that helps rickshaw pullers. It was born out of a conversation Pradip Kumar Sarmah, a veterinarian, who had taken animal health care to rural areas in Assam, had with a rickshaw puller, says Souzeina S Mushtaq

Read More

Power of waste

Namakkal in Tamil Nadu is known for poultry, among other things. But not many know of a poultry owner generating electricity from chicken droppings, whose disposal was once a headache. P C Vinoj Kumar explains the innovation and the business

Read More

Action cop

His was a career dedicated to fight graft, through unconventional methods. Now the former cop is advisor to the anti-corruption cell of Aam Aadmi Party. Souzeina S Mushtaq profiles N Dilip Kumar, called as ‘action hero’ by a news magazine

Read More

Natives’ return

The return of Sabbah Haji and her family to their hometown in Kashmir’s Doda district has helped local children as the school started in 2009 is still growing. Afsana Rashid finds the school running with the help of volunteers from outside

Read More

Short and strong

Joby Mathew stands 3 feet, 5 inches tall. But he has beaten men taller than him in arm wrestling and won even the world championship. Kavita Kanan Chandra finds that hard work, discipline and determination are the secrets behind his success

Read More

At the grassroots

A group of social workers in the temple town of Kanchipuram meet every week to chart their down to earth projects. All of them teetotalers, not by scheme, they work at the grassroots level but seek no external aid. P C Vinoj Kumar meets them

Read More

Bangalore 15

Besides being a cosmopolitan city, which is a bustling IT hub, also known for fine weather, Bangalore has more for a visitor, says Sudha Narasimhachar, giving a list of 15 must visit places

Read More

Mountain girl

In the chilly heights of Ladakh, Thinlas Chorol stands out as a social entrepreneur, trekking guide, ice hockey player and a writer rolled into one. Her remarkable role is changing the face of tourism up there, says Kavita Kanan Chandra

Read More

Water Wheel

Fetching water takes such considerable time for rural women that they expend most of their time and energy on that. But ‘Water Wheel’, a recent innovation, is ushering a change in the lives of women in some villages, says Souzeina S Mushtaq

Read More
 
Kudos image

"The Weekend Leader not only gives a glimpse of the better things happening around us but also tells stories of people who made it possible.”

Ajay Chaturvedi, Entrepreneur More Kudos
 
Archives  |   Columns  |   About Us  |   Contact Us  |   Feedback  |   Response  |     |   Cheers!  |   Support Us  |   Friends of Positive Journalism
© Copyright The Weekend Leader.com, 2010. All rights reserved.