Diesel sales deregulation to save govt Rs 2,300cr: BPCL

Stocks of oil marketing companies posted a 2-to-4 percent rally during the last hour of the trading session on Tuesday in response to the oil ministry's proposal for a Rs 3-4.50 per litre hike in diesel prices and Rs 100 in LPG rates along with increasing the number of subsidised cooking gas cylinders for households to nine a year from the current cap of six.

Also Read: OilMin for Rs 4.50/L hike in diesel rates; Rs 100 for LPG

The market also reacted positively to the oil ministry's proposal to deregulate the bulk sales of diesel. The move is estimated to save the government Rs 2,300 crore and could have a significant impact on IOC which is the biggest bulk diesel seller in the country.

"No final decision has been announced on diesel and LPG prices and I will not be surprised if kerosene prices are hiked marginally. A phased hike in diesel, LPG prices is preferred and losses to the tune of Rs 25,000 crore may be reduced on the deregulation of bulk diesel," BPCL , CMD, RK Singh explained in an interview on CNBC-TV18.

Anda sedang membaca artikel tentang

Diesel sales deregulation to save govt Rs 2,300cr: BPCL

Dengan url

http://sehatkafein.blogspot.com/2013/01/diesel-sales-deregulation-to-save-govt.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Diesel sales deregulation to save govt Rs 2,300cr: BPCL

namun jangan lupa untuk meletakkan link

Diesel sales deregulation to save govt Rs 2,300cr: BPCL

sebagai sumbernya