Dual pricing policy for diesel under study

The Centre is considering a proposal to introduce dual pricing policy for diesel, Petroleum and Natural Gas Minister Murli Deora has said.

Speaking at a function to celebrate the golden jubilee of the first oil find in India at Lunej village near Cambay in central Gujarat by the Oil and Natural Gas Corporation, Mr. Deora said the government was planning to withdraw the subsidy on diesel for the private sector while continuing it for the railways, defence and public sector transport.

He said rich people driving diesel luxury cars should not expect cheap fuel at the cost of the poor. “They should be prepared to shell out more.” Mr. Deora, however, did not indicate when the government planned to introduce the new system and whether trucks transporting essential commodities would continue to get subsidised diesel.

Courtesy:The Hindu


Source: PETROLEUM BAZAAR