Govt gives in-principle nod to free diesel prices

Minister of State for Finance, Namo Narain Meena held that the government has taken an in-principle decision to link diesel prices with market rates. Yet, there is no proposal currently to completely deregulate cooking gas price. He also opined that the government continues to fix the price of diesel in order to protect the common man from the affect of rising crude oil prices and the ensuant inflation.

While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a large budgetary expenditure on subsidies.

Month: Current Affairs - April, 2012