| Log in

Govt permits state-run oil firms to raise diesel prices

17 January, 2013

The government will permit state-run oil marketing companies to set diesel prices, Oil Minister Veerappa Moily told reporters on Thursday, in a surprise move that could help the government reduce its budget-busting subsidy bill.

There had been some speculation in India media that the government would announce an increase in diesel prices, but Moily said that decision would now be left to the marketing companies.


Leave Your Comment
Kejriwal takes on Mukesh Ambani over gas pricing

Kejriwal takes on Mukesh Ambani over gas pricing

Reuters 4 years ago
Delhi Chief Minister Arvind Kejriwal took his anti-graft campaign to new heights...
India eyes diesel price rise, fuel consumption curbs

India eyes diesel price rise, fuel consumption curbs

Reuters 4 years ago
India may announce more measures to curb fuel consumption later this month and...
Govt to sell 10% stake worth $800M in Indian Oil to other PSUs

Govt to sell 10% stake worth $800M in Indian Oil to other PSUs

Reuters 4 years ago
A panel of ministers has approved sale of a 10 percent stake in state refiner...
No Comments

Govt permits state-run oil firms to raise diesel prices

Powered by WordPress.com VIP