Visit Indian Travel Sites
Goa,
Kerala,
Tamil Nadu,
Andhra Pradesh,
Delhi,
Rajasthan,
Uttar Pradesh,
Himachal Pradesh,
Assam,
Sikkim,
Madhya Pradesh,
Jammu & Kashmir
Karnataka
|
No fuel hike for now, says EGoM | The Empowered Group of Ministers (EGoM) on Monday decided to defer a decision on hiking fuel prices, saying that another meeting of the group was required before a final
decision on the issue could be taken. The EGoM met in the capital this afternoon
to discuss the recommendations of the Kirit Parekh Committee, and after reviewing
the same, decided that another round of talks was required. The Empowered Group
of Ministers (EGoM) is headed by Finance Minister Pranab Mukherjee, and was to
decide on when to free petrol and diesel prices from government control. The group
was expected to move towards gradual removal of a controls on diesel and cooking
gas (LPG) prices. The government is concerned over the financial burden being
borne by oil companies because of the present subsidy on fuels. To reduce that
burden, the EGoM will have to raise the price of petrol by at least Rs.3.35 per
litre and that of diesel by at least Rs.3.49 a litre. Petrol in Delhi currently
costs Rs.47.93 a litre, while diesel is Rs.38.10 a litre. "This is a very opportune
moment to free prices of petrol and diesel. While petrol prices can be raised
by Rs.3 a litre to link it to market (pricing), in the case of diesel, the excise
duty can be reduced to the tune of under recovery, so that prices at the retail
level remain unchanged," said Parekh. The report, given in February, suggested
market-linked prices for petrol and diesel, a partial increase of Rs.6 a litre
for kerosene and Rs.100 on every cylinder of LPG. It also proposed a reduction
in kerosene sold through ration cards by 20 per cent. Besides Mukherjee, the EGoM
also includes Oil Minister Murli Deora, Agriculture Minister Sharad Pawar, Chemical
and Fertiliser Minister M.K. Alagiri, Railway Minister Mamata Banerjee, Road Transport
Minister Kamal Nath and Planning Commission Deputy Chairman Montek Singh Ahluwalia. |
|
|
|
|
|