Steps to curb fuel consumption from 16th September
Posted on: 07/Sep/2013 11:09:17 AM - No. of views : (2052)
Foreign Minister Salman Khurshid said that the Central Government might announce steps to curb fuel consumption on September 16 in a bid to cut the biggest item in the country�s import bill and help support a rupee skittering just above record lows.India is the fourth-biggest energy user in the world. It is expected that the Government would announce a steep hike in diesel prices soon, as it looks to cut oil costs by nearly $20 billion (12.8 billion pounds). Rising global prices of crude and the rupee�s slide have left India facing an oil bill potentially 50 percent higher than on May 1.
Foreign Minister Salman Khurshid in an interview to a TV channel said, �No matter what happens, we will have to cut down on fuel consumption. You can�t keep subsiding costs of fuel and not restrict the use of the fuel.�
