Motivational Video
Vol 7 Issue 30, Jul 22 - 28, 2016
Green WarriorsUnsung Heroes

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

26-Jul-2016
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:

Reach high

Visiting Leh is an experience. At an altitude of 11,000 feet, amid snow-capped mountains the visitor gets to wake up to an azure sky and savour every little moment, says Azera Parveen Rahman

Read More

Case against Rajapakse

The widow of a LTTE leader, ‘Col. Ramesh’, has filed a case in the Southern District of New York, against the visiting Sri Lankan President Mahinda Rajapakse for killing her husband

Read More
Stories on Innovations & Innovators
The Lead Star Digital Issue
adyar bakery
 
Mentoring Tamil Nadu



Popular Stories

Child teacher

A follower of Swami Vivekananda, Babar Ali started a school under a guava tree, when he was just nine years, at his village in West Bengal. The young headmaster, 14 years later, tells G Singh how people accused him of proselytism initially

Read More

Traffic tamer

To prevent an accident, similar to the one that killed her daughter, 59-year-old Dorris Francis has been regulating traffic since last six years at the spot where a car rammed their auto. Partho Burman profiles the braveheart from Ghaziabad

Read More

Wheeling food

Jaideep Sarin recounts the story of Radhika Aroa, an MBA graduate, who quit her corporate job to set up a roadside food cart serving homemade food in Mohali with an investment of Rs. One lakh

Read More

Cool relief

Overhearing a home tutor’s physics lecture to his son, Ashis Paul of Grey Dhaka designed a cooling devise, bringing relief to poor Bangladeshis reeling under heat without power, says G Singh

Read More

Sworn benefactor

At the funeral of his brother in 1963, Deo Kumar Saraf swore not to let poverty-struck people die due to lack of medical care. Today, his Anandalok group of hospitals challenge corporate hospitals with their affordable charges, says G Singh

Read More

Nostalgic ride

A last vestige of colonial era, an antique train with wooden coaches still chugs on India’s only private railway line in Maharashtra. Narendra Kaushik traces the journey of Shakuntala Express

Read More

Flattening a myth

Dispelling the long held belief that flat-footed persons cannot excel in sports, Dipa Karmakar has become the first Indian woman gymnast to qualify for the Olympics. Partho Burman tracks the bumpy road the Tripura athlete had travelled so far

Read More

River revival

Noyyal, the river that fed the fertile western Tamil Nadu, is today polluted and dry most of the time. To rejuvenate the dead Noyyal, Vanitha Mohan is on an eco-mission. P C Vinoj Kumar profiles her on the occasion of World Environment Day

Read More

Wigs of compassion

A cancer patient’s elation over the wig he had made for her changed Marishetty Kumar’s life.  The wigmaker who made wigs for actors now sells his creations for a discounted price to those who lose hair due to chemotherapy, says Usha Prasad

Read More

Water winner

The ups and downs of B M Balakrishna’s life are linked to water. Starting as a car washer, he went to sell water pumps and then founded a RO plant. S Sainath meets the owner of Rs 20 crore Aquapot that is set to double its turnover this year

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