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India may raise clean fuel prices

India may raise clean fuel prices
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First Published: Mon, Mar 22 2010. 10 13 PM IST
Updated: Mon, Mar 22 2010. 10 13 PM IST
New Delhi: The Congress-led United Progressive Alliance government plans to raise prices of petrol and diesel that meet Euro 4 emission standards. The improved fuel is expected to be sold from 1 April.
The Supreme Court had said that India will have to switch from Euro 2 to Euro 3 fuels on 1 April, while 13 Indian cities would move from Euro 3 to Euro 4.
“We are in consultations for differential pricing of Euro 4 fuel,” petroleum secretary S. Sunderashan told reporters at the 6th Asia Gas Partnership Summit in New Delhi.
The expected price hike follows the recent increase in fuel prices when the Budget had increased and restored taxes on crude oil and petroleum products.
‘PTI’ reported that diesel and petrol prices may increase in the range of Rs0.10-0.20 a litre. In New Delhi, petrol and diesel are priced at Rs47.43 per litre and Rs35.47 per litre, respectively.
(PTI contributed to this story.)
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First Published: Mon, Mar 22 2010. 10 13 PM IST