- Wear the right shoe for the right occasion!Aamir Khan, McKellen discuss Shakespeare at MAMI Film Club launchYes, Virat Kohli and Anushka are backSee Sofia Hayat before she became a nunMedia has dishonoured Iulia: SalmanAyutthaya: Once a flourishing temple citySushmita celebrates 22 years of her Miss Universe winKangana Ranaut attends VERO MODA store launch, unveils new lineHot picks in accessories section this summerTransform your look with different capes this season!
To ensure immediate recognition to the Olympic medallists, the Sports Ministry on Tuesday
No roll-back in diesel prices: Moily Last Updated : 19 Jan 2013 07:34:19 PM IST File photo of India's Oil Minister M Veerappa Moily.
Ruling out roll-back of the "small" 45 paisa increase in diesel prices, Oil Minister M Veerappa Moily on Saturday said bulk consumers like Railways will have to find their own budget to buy the fuel at market price.
"No, no, there is no question of roll back," Moily, who is here to attend the Congress brainstorming session, told reporters.
The government had two days back raised diesel prices after a gap of four months by a marginal 45 paisa per liter for retail users like car and truck owners and hiked the rate for bulk users like defence and Railways by about Rs 10, to cut subsidy bill.
After including local sales tax or VAT, price of diesel for retail users went up by 50 paisa to Rs Rs 47.65 a litre in Delhi.
Bulk users, which consumer around 17.77 per cent of the total diesel sales in the country, will pay Rs 56.88 a litre in Delhi.
The government has refused to call its January 17 decision deregulation even though it has permitted oil companies to raise diesel prices by the same quantum from time to time till the over Rs 9 per litre loss on the fuel is wiped out.
No roll-back of increase in diesel prices: Veerappa Moily
Moily said diesel and petrol had been deregulated by the BJP-led NDA government in 2002, but the UPA government had continues to subsidise diesel, the nation's most consumed fuel.
"This (deregulation) has been going on even during the days of NDA," he said. "(There were demands that) there should be deregulation of diesel and this is the only commodity where we have the regulations."
Asked about the impact of the decision on Railways, Moily said it will "largely" have no impact as bulk buyers purchase other inputs and fuels at commercial rates.
"They are all running commercially and ultimately they have to find their own budget," he said.
Railways buy 2.428 million tonnes of diesel annually and will have to shell out Rs 2,727 crore more for buying the fuel at market price. State transport undertakings would have to shell out an additional Rs 2,462 crore for buying 2.192 million tonnes of diesel at market price.
Defence, the third largest bulk buyer, would pay an additional Rs 299 crore for purchase of their annual 267,000 tonnes of diesel.
Source: IANS, Other Agencies, Staff Reporters
For Latest Updates Please-
Join us on
Follow us on
Post Your Comment (0 posted):
Bollywood superstar Aamir Khan and veteran British actor Ian McKellen discussed the work a
- This is how Ranbir will seduce Aishwarya in Ae Dil Hai Mushkil
- Yes, Virat Kohli and Anushka are back
- See Sofia Hayat before she became a nun
- Media has dishonoured Iulia: Salman
- Sushmita celebrates 22 years of her Miss Universe win
- Kangana Ranaut attends VERO MODA store launch, unveils new line
- Ayushmann tries Chaplin-inspired look for 'Meri Pyaari Bindu'
- Big B 'nervous' about singing in 'TE3N'
While playing with your pooch at home helps evoke love and compassion in you, researchers
The 'World's Ugliest Dog' won a Hero Award for helping people with disabilities
Bones of ancient, extinct species of bison uncovered
Hundreds witness Mercury transit in Delhi, scientists in Srinagar disappointed
Leading astronomers to see 'Transit of Mercury' from Srinagar
Video: Man showed private parts in bus beaten by women
Chinese smartphone manufacturer Coolpad on Friday launched a new smartphone that comes wit