Home Nation World Business Politics Odd & Weird Region Entertainment Education
Pardaphash Logo
Hindi


Diesel price needed to be hiked by Rs. 17/litre: PM




Published by: Shubhanshu Sharma
Published on: Fri, 21 Sep 2012 at 16:11 IST
Diesel price needed to be hiked by Rs. 17/litre: PM
New Delhi: Indian Prime Minister Manmohan Singh said on Friday, addressing the nation about the reforms on FDI made by his government that a Rs. 17/litre hike in Diesel price was needed to cover the losses. But government passed a small part of burden to the common people.

"We raised the price of diesel by just Rs.5 per litre instead of the Rs.17 that was needed to cut all losses on diesel," the prime minister said in an address to the nation.

The prime minister pointed out that much of diesel is used by big cars and sports utility vehicles (SUVs) owned by the rich and by factories and businesses.

"Should the government run large fiscal deficits to subsidise them," he asked.

Manmohan Singh said despite the recent increase in diesel and cooking gas prices, these were lower in India than neighbouring countries like Pakistan, Sri Lanka, Bangladesh and Nepal.

"The total subsidy on petroleum products will still be Rs.160 thousand crore. This is more than what we spend on health and education together. We held back from raising prices further because I hoped that oil prices would decline," he said.

Previous
IPL 2015 CSK vs MI Final: Mumbai Indians winning moments
IPL 2015 CSK vs MI Final: Mumbai Indians winning moments
Deepika Padukone’s Piku success bash, a starry affair
Deepika Padukone’s Piku success bash, a starry affair
Bollywood beauty Katrina Kaif at Cannes International Film Festival 2015
Bollywood beauty Katrina Kaif at Cannes International Film Festival 2015
The Upcoming Bollywood diva - Pernia Qureshi
The Upcoming Bollywood diva - Pernia Qureshi
Sneak peek into Karan Patel, Ankita Bhargava’s wedding and reception
Sneak peek into Karan Patel, Ankita Bhargava’s wedding and reception
Bombay Velvet Team celebrates Anushka Sharma’s Birthday at screening | See Pictures
Bombay Velvet Team celebrates Anushka Sharma’s Birthday at screening | See Pictures
Lucknow Boy Harsh Singh wins All India Dance Championship 2015
Lucknow Boy Harsh Singh wins All India Dance Championship 2015
Shahrukh Khan honoured with the Dadasaheb Phalke Film Foundation Award
Shahrukh Khan honoured with the Dadasaheb Phalke Film Foundation Award
Shah Rukh Khan honoured at The Asian Awards
Shah Rukh Khan honoured at The Asian Awards
Priyanka Chopra, Ranveer Singh, engage into friendly banter at trailer launch of ‘Dil Dhadakne Do’ | See Gallery
Priyanka Chopra, Ranveer Singh, engage into friendly banter at trailer launch of ‘Dil Dhadakne Do’ | See Gallery
'Main Tamanna' Documentary Trailer Launch & Fashion Show to Raise Funds for Anu Ranjan's 'Beti' Charitable Trust
'Main Tamanna' Documentary Trailer Launch & Fashion Show to Raise Funds for Anu Ranjan's 'Beti' Charitable Trust
Evelyn Sharma & Neil Nitin Mukesh Promoting Hong Kong Tourism
Evelyn Sharma & Neil Nitin Mukesh Promoting Hong Kong Tourism
Hot Sofia Vergara on Vanity Fair Magazine Cover
Hot Sofia Vergara on Vanity Fair Magazine Cover
Poonam Pandey Launches HELEN
Poonam Pandey Launches HELEN
Ranveer Singh discharged from hospital post shoulder surgery
Ranveer Singh discharged from hospital post shoulder surgery
Next
BREAKING NEWS
 
Opinion Polls
Which Bollywood star kid is the cutest among them?
Nitara
Viaan Raj Kundra
Aaradhya Bachchan
Azad Rao Khan
AbRam
Saira Bhupati


Pardaphash name, logo and all associated elements ® and © 2011 Mahakaal News Management Pvt. Ltd.
All rights reserved. Pardaphash and the Pardaphash logo are registered marks of Mahakaal News management Pvt. Ltd.
Pardaphash is hosted with Enzoo could compute engine.
Valid XHTML 1.0 Transitional
This page is generated in : 0.01 Seconds




EXCLUSIVE: Azam Khan defamed by unauthorized bank's owner in forge bank guarantee scam; Why delay in action?