A young scientist, Dhrubatara Mitra, selected by the Centre

Sujay Mehdudia

NEW DELHI: The Union government has put in motion the process of effecting a possible fuel price hike, with the Cabinet scheduled to discuss the issue on Thursday.

It is not surprising that the expert panel headed by Kirit Parikh on the pricing of petroleum products should recommend total decontrol of the retail prices of petrol and diesel while suggesting a more gradual approach in the case of kerosene and LPG. In July-August 2008, the B.K.

Diesel cars may become costlier by Rs 1.8 lakh.

Currently, one of the main reasons for the high popularity of diesel cars is that the fuel is cheaper, which translates into low running costs.

Roudra Bhattacharya

New Delhi, Feb. 5

THE Trinamool Congress and DMK on Thursday opposed Prime Minister Manmohan Singh

Proposal will bring down the burden of oil companies

Kirit Parikh The Kirit Parikh committee has recommended market-determined pricing for petrol and diesel. It has also recommended linking the price of domestic LPG and kerosene distributed through the Public Distribution System (PDS) to the increase in per capita GDP for urban population and agriculture GDP, respectively.

Panel Wants Decontrol, Govt May Settle For Rs 3 Petrol Hike, Re 1 For Diesel

Sujay Mehdudia

NEW DELHI: The Prime Minister-appointed Kirit Parikh committee on Wednesday recommended complete decontrol of the petrol and diesel prices and favoured a hike of Rs. 100 a domestic LPG cylinder and an increase of Rs. 6 a litre for kerosene.