Railway cuts prices to transport petrol, diesel by 5 percent

February 26th, 2008 - 4:55 pm ICT by admin  

New Delhi, Feb 26 (IANS) The rail freight rates for petrol and diesel are now down by 5 percent. Railway Minister Lalu Prasad yadav made this announcement while presenting the Railway Budget for 2008-09.

“With the rationalisation of freight structures, freight rates for petrol and diesel would be further reduced by about 5 percent,” said Prasad while unveiling the budget Tuesday.

“The freight rates for these commodities will thus be brought down by 17 percent in three years,” he added.

As a special incentive for the Merry-Go-Round System for transporting coal to pithead-located power plants, the railway minister announced that a lump sum rate of about Rs.25 per tonne would be charged for loading of cargo rakes for a distance of 30 km.

He also announced 14 percent reduction in the freight rates for fly ash generated by coal-fired power plants.

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