It is a government-appointed committee report that has created a piquant situation for the government. The Prime Minister-appointed Kirit Parikh Committee has recommended a sharp rise in retail prices of kerosene, petrol, diesel and domestic cooking gas and total decontrol of auto fuels at a time when the government is pre-occupied with the daunting task of reining in runaway inflation.
Given the fact that pricing of petroleum products is a politically sensitive issue the recommendation by the Committee headed by the former Planning Commission member Kirit Parikh for an immediate increase of Rs 100 per LPG cylinder, Rs 6 per litre of kerosene and fixing of two auto fuels at current market prices has posed a tough choice to the ruling coalition at the centre. The exercise of fixing the retail prices of four mass consumed petroleum products—petrol, diesel, domestic cooking gas (LPG) and kerosene—which is being currently undertaken by the government, is a major stumbling block in reforming the petroleum sector.
Full Story: A difficult choice - Deccan Herald
Given the fact that pricing of petroleum products is a politically sensitive issue the recommendation by the Committee headed by the former Planning Commission member Kirit Parikh for an immediate increase of Rs 100 per LPG cylinder, Rs 6 per litre of kerosene and fixing of two auto fuels at current market prices has posed a tough choice to the ruling coalition at the centre. The exercise of fixing the retail prices of four mass consumed petroleum products—petrol, diesel, domestic cooking gas (LPG) and kerosene—which is being currently undertaken by the government, is a major stumbling block in reforming the petroleum sector.
Full Story: A difficult choice - Deccan Herald
