Centre to discuss Kirit Parikh panel report
February 10th, 2010 - 1:15 pm ICT by ANI ( 1 comment )
New Delhi, Feb 10 (ANI): The Congress core committee, which includes the Prime Minister, Dr Manmohan Singh and Congress President Sonia Gandhi is expected to discuss recommendations of the Kirit Parikh Panel report, which has suggested freeing up the prices of auto fuels, diesel and petrol from administrative control and called for steep increases in the price of cooking gas and kerosene.The committee is also expected to discuss ways to reduce the fuel subsidy burden of the Central Government.Government officials claimed that the petroleum ministry has approved recommendations to reform the fuel pricing system, and wants petrol prices to be deregulated. This would increase petrol prices by Rs 3 per litre and diesel prices by Rs 2 per litre.
The meeting of the Congress core panel would be followed by a Cabinet meeting to discuss the Kirit Parikh panel recommendations.Congress party sources have said there is pressure for agreeing to a modest increase in petrol and diesel prices.However, the Trinamool Congress and the DMK have said a fuel price increase would strengthen inflation and create financial problems for the common man. (ANI)
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Tags: administrative control, cabinet meeting, common man, congress party, congress president sonia gandhi, core committee, diesel prices, dmk, dr manmohan singh, fuel price increase, fuel subsidy, kerosene, manmohan, manmohan singh, panel recommendations, petrol prices, petroleum ministry, rs 2, steep increases, trinamool congress
February 10th, 2010 at 1:46 pm
Petrol and HSD have got no substitute and are costing less in other countries. Losses to oil companies are due to taxation and not due to subsidies. Their price hike will cause inflation .Price hike will make our economy less competitive. So increasing cost of petrol and HSD is not justified. LPG and kerosene have got cheaper substitutes like solar energy and induction cooking. LPG is predominantly used by rich. So LPG subsidy of Rs. 300 should be abolished .Those who will be effected by unsubsidized LPG will switch over to cheaper fuels.