Diesel subsidy cut is a matter of time, says Ahluwalia

January 24, 2012 11:22 pm | Updated October 18, 2016 02:54 pm IST - KOCHI:

Planning Commission Deputy Chairman Montek Singh Ahluwalia has said that the Centre has decided ‘in principle' for deregulating diesel prices, but from when has not been decided. “Our oil prices are not in line with the global prices,” he said in a question-and-answer session on the XII Plan at a city college here on Tuesday.

He said there was agreement on the need for deregulating diesel prices, meaning cutting diesel subsidy, but no time schedule had been decided upon. He said the public was not aware of the huge cost of subsidising diesel. The money to foot the diesel subsidy bill had to come from the rest of the economy. There was a pressing need to educate the masses about this cost and its effects. He said energy efficiency should be a focus area in the XII Plan because there would be a spike in energy demand.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.