Oil companies free to change diesel price, LPG cap raised

CNN-IBN | Jan 17, 2013 at 01:31pm


New Delhi: The Cabinet on Thursday refused to take a call on increasing the prices of diesel, kerosene and LPG and instead put the onus of oil marketing companies to decide on diesel price from time to time. While announcing that the cap on subsidised LPG cylinders will be raised from six to nine from April 2013, Oil and Natural Gas Minister M Veerappa Moily said that the oil marketing companies can now decide on diesel price and change it by a small margin from time to time.

Comments (1)