Diesel price may be hiked by Rs 2 per litre LPG by Rs 75 Report

Diesel-price-may-be-hiked-by-Rs-2-per-litre,-LPG-by-Rs-75-Report

The government may consider hiking diesel prices by Rs 2 to 3 per litre and LPG by Rs 50 to Rs 75, a TV news channel has reported.

Quoting sources, CNN IBN said that the government will hike fuel prices in line with the Kelkar committee recommendation.

Price of diesel, which currently costs Rs 47.15 per litre in Delhi, was last revised on September 14 when it was hiked by a steep Rs 5.63 per litre. Kerosene rates have not changed since June 2011 and it currently costs Rs 14.79 per litre in Delhi.

State-owned oil companies currently sell diesel at a loss of Rs 10.16 per litre, kerosene at Rs 32.17 a litre and LPG at Rs 490.50 per 14.2-kg cylinder.

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