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Diesel deregulation unreasonable now: Oil secretary

Diesel deregulation unreasonable now: Oil secretary
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First Published: Wed, Oct 27 2010. 12 26 PM IST
Updated: Wed, Oct 27 2010. 12 26 PM IST
New Delhi: Lifting state curbs on diesel pricing in India is unreasonable to expect at this juncture, oil secretary S Sundareshan said on Wednesday.
Diesel deregulation is ”not possible with the current prices ... diesel deregulation at this juncture will lead to price increase and it is unreasonable to expect it at this juncture,” he told reporters.
India may lift state controls on diesel pricing in a phased manner, instead of in one go, to cushion any blow on the poor, the petroleum ministry said in a report on Tuesday.
In June, India ended controls on petrol prices and raised prices of diesel, cooking gas and kerosene. It also said diesel prices will eventually be freed to boost public finances and open up a sector long dominated by state-run firms.
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First Published: Wed, Oct 27 2010. 12 26 PM IST
More Topics: Diesel | Petrol | Fuel price hike | GDP | Inflation |