New Delhi: After dal-chawal, petrol, diesel and CNG may burn a bigger hole in your pocket as the government tries to strike a balance between keeping transport fuel prices in check without letting staterun oilmarketing companies slip into the red.

Petrol Price May Go Up By Rs 4.7, Diesel By Rs 2.3 Within Weeks
Our Bureau NEW DELHI

THE government may take a decision on freeing petrol and diesel prices after the Kirit Parikh committee on rationalising fuel subsidies submits its report this week, oil minister Murli Deora said.

Get ready to pay more in 2010. The Delhi Government may withdraw subsidy on cooking gas cylinder. It may increase Value Added Tax rate from 12.5 per cent to 20 per cent on diesel in the Capital. Currently, the Delhi Government is losing to the tune of Rs 1,650 crore on several subsidies and anomalies in the VAT rate. Currently, Delhi Government is giving subsidy of Rs 40 per cyclinder on LPG.

LARGE-SCALE MISUSE OF Rs 54,000-CRORE SOP IS HURTING PUBLIC SECTOR OILCOS

Kirit Parikh-led committee to suggest measures to reduce kerosene & cooking gas subsidies, and also ascertain whether they reach the poor

Subhash Narayan & Rajeev Jayaswal NEW DELHI

Ecuador aims to double hydroelectric power use over the next decade and increase grid capacity to attract mining investment but must overcome local opposition, a senior official said on Thursday.

NEW DELHI: Petroleum and Natural Gas Minister Murli Deora has written to Chief Ministers of all States to rationalise the tax structure on petrol and diesel and do away with the ad valorem component of excise duty to protect the interests of consumers.

Mr. Deora pointed out the high tax on petroleum products, particularly petrol and diesel.