Diesel under-recovery to end by mid-2015: Plan panel
Govt has recently allowed OMCs to raise prices by about 40-50 paise per litre every month to recover its loss
New Delhi: The Planning Commission on Thursday said that the under-recoveries on account of sale of diesel will end by mid-2015 following progressive increase in the price of the fuel.
“Diesel is on a progressive elimination of subsidies and by mid-2015, present under pricing of diesel will be removed," Planning Commission deputy chairman Montek Singh Ahluwalia said in his address at India Energy Congress in New Delhi.
Ahluwalia said the management of energy resources in a world of scarcity is a big challenge.
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