EGoM may limit diesel price hike to Rs 2/litre

Last Updated: Wednesday, May 25, 2011 - 09:54

Zeebiz Bureau

New Delhi: A week after the steep hike in petrol prices by Rs 5 a litre, a ministerial panel is likely to meet in the next few days to take a call on raising diesel, LPG and kerosene rates.

As per media report, the government may limit the increase in diesel price to a maximum of Rs 2 per litre, against the Rs 4 per litre proposed by the petroleum ministry.
The petroleum ministry, batting for the oil retailers (all three of which are government-owned), has sought a minimum hike of Rs4 a litre for diesel and a Rs 25 per cylinder for LPG, as crude oil prices ruled above USD 100 a barrel for some time now.

"I think the EGoM meeting on diesel pricing will be called this week," Agriculture Minister Sharad Pawar, who is also a member of the ministerial panel, had told reporters earlier on the sidelines of an ICAR-CII event here.



First Published: Wednesday, May 25, 2011 - 09:54

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