Friday, June 25, 2010

Petrol And Diesel Prices Deregulated

In what is being seen as a step in the right direction, Government of India has announced partial de-regulation of fuel prices. Petrol and Diesel prices have been been liberated.

... the Government has decided that the pricing of Petrol and Diesel both at the refinery gate and the retail level will be market-determined.

Ministry

This decision coincides with the government's announcement of increasing fuel prices - Petrol +3.5/litre, Diesel +2/litre, Kerosene +3/litre and LPG +35/cylinder.

EGoM has approved the request of the Ministry of Petroleum and Natural Gas after considering it for a long time. In wake of the rampant crude price hike in the international market, the Oil Marketing Companies have under-recovered to the tune of 53000 crores.
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2 comments:

  1. Baby BeddingJuly 6, 2010 at 11:22:00 AM GMT+5:30

    Rising of petrol,diesel and gases impact on all commodities, the all opposition political parties oppose that's why they called Bharat Band on 5th July 2010.

    ReplyDelete
  2. T shirts blankJuly 26, 2012 at 1:47:00 PM GMT+5:30

    The fluctuation of oil price is depend on gulf countries,if the production is decrease not only in India the all suffer.

    ReplyDelete

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