Diesel price hike a step in right direction: Prime Minister

By Super
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Unfazed by large scale protests over diesel price hike, Prime Minister Manmohan Singh today asserted it was a step in the right direction and expressed the hope that economy would rebound in the second half of the current fiscal. "The recent increase in diesel prices is an important step in the right direction," he said while addressing the meeting of the Full Planning Commission which was called to approve the 12th Five Year Plan document. The Prime Minister also made a case for comprehensive review of energy policy saying it was vital for energy security of the country. Energy, Singh said, "is a difficult area where policy needs a comprehensive review. We are energy deficient and import dependence is going up.

     

    It is vital for our energy security that we increase domestic production and also increase the energy efficiency. "Rational energy pricing is therefore critical. Our energy prices are out of line with the world prices", he added. The government had recently increased the price of diesel by Rs 5 a litre and capped the use of subsidised LPG cylinder to six in a year per family, evoking sharp protests all over the country.

    PTI

    Read more about: diesel price
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more