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Friday, January 18, 2013

LPG cap raised, Centre opens diesel to price hike

Get ready for a hike of over 50 paise per litre in diesel prices every month as the government tries to rein in the fiscal deficit to avoid any further downgrade in India’s credit rating. The Cabinet Committee on Political Affairs on Thursday allowed oil marketing firms to raise diesel prices by small amounts at a time, to soften the blow, and raised the cap on subsidised domestic LPG cylinders to nine in a year, up from six.

To read full story, please visit Deccan Chronicle English Newspaper