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Govt may raise petrol & diesel price up to Rs 4

New Delhi: The government may raise petrol and diesel price up to Rs 4 a litre at a cabinet level ministerial panel meet on Wednesday, an oil ministry source told reporters on Tuesday.

“An Empowered Group of Ministers (EGoM) headed by finance minister Pranab Mukherjee is scheduled to meet on May 11 to mull on a hike of Rs 4 a litre in diesel prices,” a top government official, refusing to be named, told reporters.

A Rs 3-4 a litre hike in the price of petrol, which had been freed from government control last June, is also on the cards, he added.

According to estimates, state oil marketing companies oil PSU — Indian Oil, Bharat Petroleum and Hindustan Petroleum — is estimated to make a loss of 1,80,000 crores, this fiscal if the prices are not raised in tandem with the global prices. This figure is excluding the loss it makes on the sale of petrol which is now decontrolled.

The three oil firms now suffers a loss of Rs 7.50 per litre on petrol, Rs 18.19 per litre on diesel, Rs 29.69 a litre on kerosene and Rs 329.73 per 14.2 kg domestic LPG cylinder.

One comment

  1. sachinandan dass

    our leaders are not able to solve those problem permanently .Our spiritual master wrote those things 60 years ago .Our problem is we are not maintaining law of Nature or Law of God . How many percent of our leaders are thinking about public’s maximum 1% to 2% .It does not matter leaders from which party .All of them are same,98% to 99% leaders they are thinking about them selves only.Now a days politics is the number one business market in Asia .If they relay want to solve all the crises ,they have to be fix themselves first by knowing about the Gods law .They have to be Liston pure spiritual masters .According to my spiritual master day by day situation will go more worst and worst .If a person read and realize Bhagavad Gita from heart And maintain the Gods instruction ,he or she will be able to serve the public properly .Ours most of the leaders are corrupted that the reason our public also corrupted . According to Bhagavad Gita Whatever action is performed by a great man, common men follow in his footsteps. And whatever standards he sets by exemplary acts, all the world pursues.Our minister are not able to stop the price rise problem permanently .Only one thing they could do ,they could blame each other .If they love public’s why they are spending billion of dollars for their security .Hare Krishna

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