August 21, 2012 8:30 PM

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Govt: No plans to deregulate diesel, LPG & kerosene prices

The government has no plans to deregulate diesel, cooking gas(LPG) and kerosene prices by withdrawing subsidy on them. Minister of State for Petroleum RPN Singh informed Rajya Sabha in written reply that the government is providing subsidy of Rs 0.82 per litre on PDS kerosene and 22.58 Rupees per 14.2 kg LPG cylinder on domestic LPG.

The Minister added that the public sector oil marketing companies (OMCs) also incur under-recovery on sale of diesel, PDS kerosene and domestic LPG as the prices of these products are being modulated by the government.

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