Top Stories 1 of 3
PrintEmailOrder ReprintsBy IBTimes Staff Reporter | February 1, 2013 7:29 PM EST
Oil minister Veerappa Moily on Thursday said that diesel prices will be increased by 40-50 paise per litre every month.
"Until further orders, oil marketing companies can increase it (diesel price) by 40-50 paise (per litre) every month," he said, while not giving details of when the price hike would take effect.
REUTERS/Amit Dave/Files
A worker loads Liquefied Petroleum Gas (LPG) cylinders onto his cycle-rickshaw in Kolkata January 17, 2013. REUTERS-Rupak De Chowdhuri
A worker fills diesel in a vehicle at a fuel station in Ahmedabad January 17, 2013. REUTERS-Amit Dave-Files
A worker fills diesel in a vehicle at a fuel station in Ahmedabad January 17, 2013.
The monthly rise in diesel rates will continue until the losses incurred by oil marketing companies are completely cut down.
This is the second hike on diesel prices to take place after the government on Jan 17 allowed oil firms to raise prices by 45 paise per litre in a move to tackle its high subsidy bill.
To contact the editor, e-mail:
Australia Bids Adieu to Adam Spencer's Mornings on ABC's "702 Breakfast" Show [PHOTOS]
Top 10 Hottest Celebrities with Shocking Weight Loss (And Find Out Their Secrets!) [PHOTOS]
Mars Curiosity Rover Photos: UFO Hunter Spots Strange 'Ruins,' 'Missile' [PHOTOS, VIDEO]
Miranda Kerr Exposes Breasts to Crew, Wardrobe Malfunction 'Deliberate Accident?' [PHOTOS]PrintEmailOrder Reprints
Cancer-Causing Agent Found in Johnson & Johnson Baby Powders
iPhone 6, iPhone 5S Will Have Flexible Screens Made of Corning Gorilla Glass on Release Date?
TOP PICKS
Cleveland Kidnap Victim Amanda Berry's Dying Father Shares His Pain for His daughter
Virginia Couple Outraged, Walmart Security Accused White Dad of Kidnapping Biracial Daughters
2013 Dance of the Planets Jupiter, Mercury and Venus: How and When to Best View the May 24 Peak
UFO Sighting, Melbourne: 'Close Call' Between Strange Flying Object and Passenger Plane Filmed [VIDEO]
London Attack: Intelligence Were Aware of Killers, British Press Demands Arrest of Hate Preaching ClericWe value your privacy. Your email address will not be shared.
