Diesel, kerosene and cooking gas price hiked
Posted on: 24/Jun/2011 11:37:20 PM - No. of views : (5233)
After last month�s steep petrol price hike, the common man now will have to suffer an increase in the prices of diesel, kerosene and cooking gas, with the government hiking them by Rs.3 per litre, Rs.2 per litre and Rs.50 per cylinder respectively, with effect from Friday midnight.
The price increase was predictably greeted with anger from the common man and opposition parties, with the BJP and the Left planning a stir against the government.
At the same time, the government also decided to cut down on customs and excise duties on petroleum products.
�Minimal increase in product prices to reduce under-recoveries of the oil marketing companies (has been decided). The price of diesel will be increased by Rs.3 per litre, PDS kerosene by Rs.2 per litre and domestic LPG by only Rs.50 per cylinder, excluding state levies such as VAT,� Petroleum Minister S. Jaipal Reddy said here Friday evening.
He made the announcement after the meeting of the Empowered Group of Ministers (eGoM), headed by Finance Minister Pranab Mukherjee here.
The minister said the decision was necessary, despite the continuing political controversies that have besieged the government.
