No hike in diesel price for now

Relief news from Petroleum minister jaipal reddy’s end that he is not touching the prices of LPG, kerosene or diesel.

After the hike in petrol price, we saw the protest across the country to roll back the tremendous increase in petrol price, but it has perhaps now become impossible for the government to give subsidy on the petrol price.

According to the sources diesel, kerosene and LPG still continue to be sold by the public sector oil companies at loss.

Most of the public transport uses diesel and the increasing power shortages have increased the use of diesel everywhere especially in the field of agriculture, manufacturing and power sectors.

If the Government removes subsidy from diesel too, then it’s very obvious that the increase in transport price will increase the price of many things indirectly.

Now this is the opportune time to bite the bullet and ensure that fuel subsidies are rolled back, with the near term goal of deregulating the oil sector.