Wednesday, 30 October 2013

Parikh panel recommends Rs 5/litre hike in diesel

Diesel prices should be immediately hiked by Rs 5 per litre, the Kirit Parikh Committee has recommended while favouring reduction of the quota of subsidised LPG to 6 cylinders per household in a year from 9 at present. The panel has recommended Rs 4 per litre increase in kerosene and Rs 250 per cylinder hike in LPG rates, Parikh told reporters after presenting the report to Oil Minister Veerappa Moily.

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