PETROL, DIESEL PRICES SET TO RISE STEADILY

Hindustan Times (Patna) - - FRONT PAGE -

NEW DELHI: Ex­pect petrol and diesel prices to go up steadily as the government has de­cided to steadily chip away at sub­si­dies. One big dose of a fuel price hike is likely to come soon.

In what could im­ply fre­quent price hikes of petrol and diesel start­ing in the next fi­nan­cial year, fi­nance min­is­ter P Chidm­baram is ex­pected to un­veil de­tails of a blue­print to com­pletely abol­ish sub­si­dies on auto fu­els in the Union bud­get 2013-14 sched­uled next month. Af­ter dereg­u­la­tion of petrol prices, Chi­dambaram is on course to de­con­trol diesel prices as well. But, the call ul­ti­mately will have to be taken by the Congress in an elec­tion year.

In ad­di­tion, the fi­nance min­istry has laid out a roadmap for a phased re­duc­tion of sub­sidy on kitchen fu­els — LPG (cook­ing gas) and kerosene, de­tails of which are also likely to be spelled out as part of the bud­get pro­pos­als.

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