Saturday, Nov 29, 2003
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By Our Special Correspondent
A notification to this effect has been issued by the Directorate-General of Foreign Trade under the Commerce and Industry Ministry. This follows a request made by the Petroleum Minister, Ram Naik, who had written to the Commerce and Industry Minister, Arun Jaitley, seeking to restrict imports of kerosene to "actual users". The notification says import of kerosene will be allowed through state trading enterprises such as IOC, BPCL, HPCL and IBP with the State Trading Corporation being nominated as STE for supplies to advance licence holders.
The scheme for imports by private companies, known as the parallel marketing scheme, was launched in 1992-93 to meet the shortfall in demand for kerosene by consumers. Imports by government agencies were then canalised through the public distribution system. But these imports have increased the level of adulteration in diesel.
As a result, diesel sales fell in the first half of the current fiscal despite a good monsoon and a rise in automobile sales.
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