Adyar Bakery - since 1952
Vol 5 Issue 42, Oct 17 - 23, 2014
    Citizen Reporters      |   | Submit Story
Green WarriorsSocial EntrepreneursUnsung Heroes

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

23-Oct-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:

Kolaveri tour

“It’s just a song. Just a phase. It will pass,” says a modest ‘why this kolaveri di’ star Dhanush, who is set to perform live in Delhi after his successful shows in Mumbai and Kolkata

Read More

Silk sans guilt

‘Live and let live’ was the maxim that drove Kusuma Rajaiah to think about a new way to weave silk saris that involved no violence to the moths. Rama Devi Menon tells us about ‘ahimsa silk’

Read More

Stories on Innovations & Innovators
FPJs Meet Vidyaakar
adyar bakery
 
Mentoring Tamil Nadu



Popular Stories

Social technology

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

Read More

Motorcycle diary

An adventurous ride on a 500 cc motorcycle from Chandigarh took Samiksha Bali Dutta not just to her dream destination, Ladakh, but also helped realise a dream of turning a professional rider

Read More

Teacher Amma

A school teacher, who believes she is a mother to her students, G Sripriya, affectionately called by her students as ‘Priya Amma’ runs 29 tuition centres for underprivileged children through her team of volunteers, says P C Vinoj Kumar

Read More

Eyeing options

Where millions suffer from eye disorders, a young ophthalmologist has set up a clinic to bring eye care within the reach of the poor and the rural population. Akash Bisht spoke to Parveez Ubed, who started ERC Eye Care 3 years ago in Assam

Read More

Tender idea

One reason carbonated soft drinks score over tender coconut is the packaging. A new machine innovated by Vinod Mahadeviah, which breaks and instantly cools tender coconuts, may make the natural drink more popular, feels Kavita Kanan Chandra

Read More

Milky way

The denial of visa shattered his dream to study in the land of milk and honey. But Bhasker Reddy managed to squeeze honey out of milk in India by starting a dairy business in Hyderabad. P C Vinoj Kumar meets the first generation entrepreneur

Read More

The challenger

It challenged the idea of Ice Bucket Challenge itself. Manju Latha Kalanidhi, a journo from Hyderabad, changed the course of a charity wave, turning it more relevant to Indian context. Akash Bisht spoke to the Rice Bucket Challenge pioneer

Read More

Sounds good

A device to detect hearing impairment in newborns will hit the market by 2016. Afsana Rashid spoke to designer Neeti Kailas, who explains how her innovation will help children born with hearing disability by facilitating an early intervention

Read More

Being the change

At an age of 28, Arun Daniel Yellamaty is already a known social worker, whose Youngistaan Foundation is into a plethora of activities in Hyderabad. P C Vinoj Kumar finds out from the former journalist how he changes the life of urban poor

Read More

Versatile rubber

Making use of rubber’s versatility, some scientists in Bhubaneswar have developed a ‘rubberised’ check dam. Kavita Kanan Chandra checks out the benefits of replacing concrete and cement with rubber and where all the new technology is going

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.