Diesel price to go up 40-50 paise a litre every month
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
Voice of Village is the eponymous name given to the news service. Mohd Faisal Fareed finds that the novel method of news reading over the mobile phone is a hit in the village in Uttar Pradesh. For the rendering is in local Awadhi dialect
Starting with a night shelter for children of sex workers, Prerana has come a long way providing support to women stuck in Mumbai’s red light district. Kavita Kanan Chandra retraces Priti Patkar’s 28-year journey that has saved many a child
To counter ‘guns and drugs’, a culture that he saw abroad, Chetan Misra mentors children through football, which he believes is a tool for social and holistic development. Through ‘TheFootballLink’, he promotes the game, says Partho Burman
From behind the veil, a group of Muslim girls in Mumbra dreamt big and have realised it. First, they learnt playing football, against all odds, and have set up a club. Now they have plans for intellectual pursuits, says Kamayani Bali-Mahabal
Learning that his mother’s swollen legs were caused by mosquitoes, Ignatius Orwin Noronha always wanted to exterminate the blood sucker. Now, he has developed MozziQuit, which promises to make India mosquito free by 2019, says Partho Burman
From a school teacher in Gurgaon to a benefactor supporting 38,000 students in Ladakh, Sujata Sahu has trekked great heights. Partho Burman tells us about her 17,000ft Foundation that engages volunteer-tourists to help students in the hills
After losing her husband in an armed conflict in Kashmir, Subhashini Vasanth embarked on a mission to help war widows. A journey with twists and turns has now enabled her to make a difference in the lives of many women, says Tisha Srivastav
‘Pazhamudir Nilayam’, a small venture in 1950s by two brothers in Coimbatore, has grown into a multi-city vegetable and fruit business. Next, the company plans to take orders over phone and internet for home delivery, says P C Vinoj Kumar
When technologists with social conscience innovate, society benefits by getting amazing products that change the life of common people. Bhanu Priya Vyas writes about four innovations showcased at the recent India Social Good Summit in Delhi