Friday, 24 June 2011

Fuel; Diesel, Kerosene, LPG price hike will not bear: Mamata

Govt. has permitted a cost tramp for Diesel, LPG and Kerosene. Diesel prices will add to by Rs. 3 per Litre, and LPG would cost Rs. 50 more per Cylinder. Kerosene prices have been improved by Rs. 2 per Litre. Finance Minister Pranab Mukherjee, met to Empowered Group of Ministers this evening and approved the new prices. Previous this month, Petroleum Minister S Jaipal Reddy met Mr Pranab Mukherjee and Prime Minister Manmohan Singh to talk about the financial condition of the Oil Marketing Companies.  Indian Oil, Bharat Petroleum and Hindustan Petroleum buy rough oil at market rates but are necessary to sell Diesel, Kerosene and LPG at government-subsidized prices, ensuing in dead that sprint into thousands of crores. Oil Marketing Companies will currently be quick to decrease their below upturns by Rs. 21,000 crore. Diesel prices were enlarged by Rs. 2 in June 2010.  LPG prices were elevated at the instance by Rs. 35 per Cylinder.

From Trinamool Congress Mamata Banerjee said they don't bear the fuel price hike.


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