Parikh panel on diesel pricing receives 1-month extension
28 Sept 2013 3:35 AM IST
The government has extended by one month the time given to a panel headed by Kirit S Parikh to suggest a methodology for pricing of diesel and cooking fuel.
'I think he has asked for extension, we have given him an extension by one more month,' Oil Minister M Veerappa Moily told reporters on sidelines of Global HSE Conference organised by Cairn India here.
The panel was to submit its report in the month end and will now do so by October-end.The government is looking to alter the way diesel and cooking fuels are priced to reduce its subsidy burden, which appears to be spiralling out of hand due to the falling rupee.
Since the last fiscal, the Finance Ministry has pushed for refiners to be paid the equivalent of rates they would have realised if diesel, kerosene and LPG were exported.
'I think he has asked for extension, we have given him an extension by one more month,' Oil Minister M Veerappa Moily told reporters on sidelines of Global HSE Conference organised by Cairn India here.
The panel was to submit its report in the month end and will now do so by October-end.The government is looking to alter the way diesel and cooking fuels are priced to reduce its subsidy burden, which appears to be spiralling out of hand due to the falling rupee.
Since the last fiscal, the Finance Ministry has pushed for refiners to be paid the equivalent of rates they would have realised if diesel, kerosene and LPG were exported.
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