Petrol price hiked by Rs 1.50, diesel by 45 paise

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New Delhi, Feb 15: Petrol price was today hiked by Rs 1.50 per litre and diesel by 45 paise a litre with effect from midnight tonight.

While petrol rates have been revised in step with the steep rise in international rates, oil firms used the newly accorded freedom to increase diesel price in small dozes to effect the second price adjustment in one month.

Comments

Mirza Ghalib said…
I don't understand why 1.25 billion Indians cannot understand the basic fact that LPG and kerosene are noninflationary and can be replaced by cheapest to free indigenous energy sources like solar / coal and induction. So LPG and kerosene should be taxed and should not be subsidized. Motor fuels like petrol and diesel are highly inflationary, life line of the nation and cannot be replaced by cheaper substitutes for years to come. So petrol and diesel should be taxed lightly at the most Rs5 per liter. Even knowing these simplest facts we are subsidizing cooking fuels to mineral water levels and are taxing motor fuel to render them under recovered and overpriced. Petrol price in international market is 132$ per barrel or Rs 44 a liter same is the story of diesel. So increase LPG and kerosene prices to reduce petrol and diesel tax. Right prices are Rs 50 per liter for diesel, petrol and kerosene. LPG should be dispensed at pumps not at kitchen at Rs 80 per liter. These prices are at energy parity the right pricing method for energy and are inclusive of tax and are not subsidized. People finding cooking fuel costly will shift to cheaper substitutes like solar/coal/induction/ germinated food etc. Very simple. Think it over.
15 February 2013 at 21:35
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