As crude oil rates fall, Government subidy on diesel dip to all-time low of Rs 1.33/litre

Losses on the sale of diesel have dropped to an all-time low of Rs 1.33 per litre, bringing the prospect of deregulation of the nation's most consumed fuel within sniffing distance. If the current trend continues, diesel will be deregulated in three months. 

An official statement said the difference between the cost of diesel production and the retail selling price has narrowed to Rs 1.33 per litre from Rs 2.49 last month. This was made possible because of softening international oil rates and the new government continuing with monthly price increases. 

Diesel prices were... Published By: Daily News & Analysis dnaindia.com - 2 days ago
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