Partly Cloudy
28°CFri :Partly Cloudy. High: 29 Low: 20

Nitish Kumar targets Congress over diesel price hike

Nitish Kumar targets Congress over diesel price hike

Patna: Bihar Chief Minister Nitish Kumar on Saturday poked fun at the UPA government over its move to hike diesel prices every month, saying there can be no control on inflation till the Congress party is in power at the Centre.

“The government at the Centre takes pleasure in enjoying the prices. As long as the Congress Party will be in power, it would be quite difficult to control inflation,” he told the media here.

Union Petroleum and Natural Gas Minister M Veerappa Moily yesterday said the diesel prices will be hiked by 40-50 paise per litre every month until the losses from selling the nation’s most used fuel at subsidized rates have been completely wiped out.

“Until further orders, oil marketing companies can increase it (diesel price) by 40-50 paise (per litre) every month,” he said.

The Petroleum Minister, however, did not make it clear when would the next revision come.

The government had earlier on January 17 permitted the state-run oil marketing companies to set diesel prices in a move that could help the government reduce its Budget-busting subsidy bill.

Oil marketing companies immediately followed it up with a price hike of 45 paise per litre effective the following day.

Diesel currently costs Rs 47.65 in Delhi, Rs 51.51 in Kolkata, Rs 53.71 in Mumbai and Rs 50.68 in Chennai.

 

Top Stories

Clipboas

UP launches mobile application for HIV awareness

July-11-2014
Lucknow: Uttar Pradesh has launched a phone application for iPhone and android users to create awareness about HIV/AIDS, an official said Friday.
3DTouch-new

Is It The End Of Mouse? Here Comes 3DTouch

July-11-2014
If there is anything that hasn’t changed in computers over the years, it has to the mouse. While there have been new
135e88ca-6fbc-47a7-b0ba-0e9197ca12d0MediumRes

India vs England: Shami stars as India take charge of first Test

July-11-2014
Ominously, it was almost a repeat of the script for England. India had started and finished Wednesday strongly to take the upper
HUMPTY_POSTER

Movie review: Alia and Varun’s Humpty Sharma Ki Dulhaniya is a fun-filled ride

July-11-2014
Movie: Humpty Sharma Ki Dulhaniya Genre: Romantic drama Director: Shashank Khaitan Cast: Alia Bhatt, Varun Dhawan, Ashutosh Rana, Siddharth Shukla Rating: **1/2
Anandiben-patel

Gujarat CM welcomes budget

July-11-2014
Gujarat Chief Minister Anandiben Patel praised the first budget of Mr. Modi’s government, saying it was “all-inclusive and took care of the
bse--621x414

Nifty gains after Infosys earnings beat estimates

July-11-2014
Reuters Market Eye – The Nifty is 0.1 percent higher after Infosys (INFY.NS) April-June earnings beat estimates. India’s software stocks gain after