No hike in in prices of cooking gas and kerosene
Posted on: 21/Jul/2014 11:18:34 AM
Central Oil minister Dharmendra Pradhan has mentioned that there wouldn’t be any immediate hike in prices of cooking gas and kerosene. The Minister while speaking said, “There will no increase in LPG and kerosene prices for now. We will continue with the extant pricing policy.”
Besides continuing to subsidize LPG and kerosene, the NDA government will also not disrupt the previous UPA government’s policy of up to 50 paise a litre increase in diesel price every month.
Endorsing the previous UPA government’s monthly 40-50 paise per litre increase in diesel prices, the government will continue with the monthly revisions till the present Rs.3.40 a litre loss on the fuel is fully bridged. After the diesel subsidy is eliminated during the course of the year, oil ministry may declare the fuel as decontrolled as was done in case of petrol in June 2010. Pradhan also indicated on Saturday that gas price revision may happen well before 1 October.
