Friday, June 24, 2011: The government has approved a price hike for diesel, LPG and kerosene. Diesel prices will increase by Rs. 3 a litre, and LPG would cost Rs. 50 more per cylinder. The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranbab Mukherjee, met this evening and sanctioned the new prices. Mamata Banerjee and her Trinamool Congress -a senior partner in the UPA coalition - have said they don’t support the fuel price hike.
The new prices are aimed at helping state-owned oil firms. Because prices of fuel are below market rates, they currently lose Rs. 15 per litre on diesel, Rs. 27 per litre on kerosene and Rs. 381 on the sale of the average domestic-use gas cylinder.
Earlier this month, Mr Reddy met Mr Mukherjee and Prime Minister Manmohan Singh to discuss the financial condition of the Oil Marketing Companies or OMCS. Indian Oil, Bharat Petroleum and Hindustan Petroleum purchase crude oil at market rates but are required to sell diesel, kerosene and liquefied petroleum gas (LPG) at government-subsidised prices, resulting in losses that run into thousands of crores.
Diesel prices were increased by Rs. 2 in June 2010. LPG prices were raised at the time by Rs. 35 per cylinder.
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ithu serikum anyayamaya kariyum alle? ennan pttatha athra panam ororuthanmaru veethicheduthittu kallappanam vere athumporajittu sadharana karante jeevitham vazhimuttikuna theerumanam edukunnathu vazhi labham unduvaunnathu veedum athe vankida evarude sahayathrikar kannu. enniyum ethu thudarnnal indiayil oru svadhanthriya samram (indiayil thanne adisthanna sowkarngalode mathram jeevikanulla) nadakum. ethinu Mg illathathu kondu
akrama margame thirenjedukoo... iniyum madichu nilkkathe prathikarikooo....
by abhi
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