No immediate cut in diesel price: Deora
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No immediate cut in diesel price: Deora

Thursday, 26 February 2009, 03:20 Hrs   |    1 Comments
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New Delhi: The government has no immediate plans to reduce diesel prices even though global oil prices are at record low levels, Petroleum Minister Murli Deora said here Wednesday.

"As of now, there is no plan to cut prices. We have not yet decided on this," Deora told reporters.

But, he did not rule out a price review at a later date.

There had been speculation that the government would slash the diesel price further as a pre-poll gift before the election commission announced the general election date.

The country's three state-run oil marketing firms - Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp - make profit only on diesel among the four products they distribute.

The companies earn a profit of 360 million (36 crore) daily from diesel sales.
Source: IANS
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Reader's comments(1)
1: The cost of crude is hovering around 36$ now against earlier price of 140us$ and now the prices of petrol and diesel will have to be reduced further if the common man is to b benefitted,especially petrol prices are spurring inflation.Let the companies earn nominal profits and save the common man as lpg,and petrol are major usages.
Posted by:rags - 02 Mar, 2009