Diesel prices to be hiked 40-50 paise every month

 

Diesel prices to be hiked 40-50 paise every monthtill losses on the nation's most used fuel are completely wiped out,said Petroleum Minister Veerappa Moily today Feb 1,2013

"Until further orders, oil marketing companies can increase it (diesel price) by 40-50 paise (per litre) every month," he told reporters

Note

The Central Govt had on January 17,2013 decided to move towards deregulating or freeing diesel prices from state control and gave powers to state-owned oil firms to raise prices in small measures every month till all of their losses are wiped out.