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Home > News > Downgrade sword hangs, diesel prices may rise Rs 5/l > Downgrade sword hangs, diesel prices may rise Rs 5/l

Downgrade sword hangs, diesel prices may rise Rs 5/l [1]

One-time hike after Prez poll may be followed by deregulation road map

Keen to prevent a downgrade of India’s sovereign rating by Standard & Poor’s (S&P), which could trigger an exodus of foreign investors, Prime Minister Manmohan Singh has told the Congress party there is no option but to raise diesel prices by at least Rs 5 a litre after the Presidential election. The current diesel subsidy is Rs 9.13 per litre sold.

Publication Date: 
12/07/2012
Aditi Phadnis [2]
Business Standard (New Delhi) [3]
Tags:
Diesel [4], Fuel Pricing [5], Subsidies [6], India [7], Economy [8], Ministry of Power [9], Parliament [10], Energy [11]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/news/downgrade-sword-hangs-diesel-prices-may-rise-rs-5l

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/downgrade-sword-hangs-diesel-prices-may-rise-rs-5l
[2] http://admin.indiaenvironmentportal.org.in/category/author/aditi-phadnis
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/diesel
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-power
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/parliament
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy