Tuesday, 26 August 2008

Industrial users must pay more for diesel


New Delhi, Industrial users of diesel may end up paying a little over Rs 22 for the product compared to retail customers if the proposal of the public sector oil marketing companies (OMCs) finds its way.

In a concept paper submitted to the Government on proposed differential diesel pricing for direct consumers (such as the Railways and power sector) following a Petroleum Ministry’s request, the OMCs have suggested a price of Rs 57 a litre for such consumers, almost 63 per cent higher than Rs 34.80 a litre price for retail consumers.

At a recent meeting convened by the Petroleum Minister, Mr Murli Deora, the OMCs were asked to come back with specific suggestions to tackle the situation arising out of unusually high consumption of diesel along with information on diesel usage in various sectors.

In fact, the high powered committee constituted by the Prime Minister, Dr Manmohan Singh, has also proposed differential pricing for diesel.
Courtesy:Business Line


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