Diesel prices up by 45 paise per litre from today

January 18, 2013 10:05

The government on Thursday took the first major step towards the deregulation of diesel prices saying oil companies will be allowed to decide the prices and hike the prices in small amounts from time to time.

Oil companies have raised diesel prices by 45 paise per litre after a go ahead from the Centre. Sources say up to 50 paise hike will take place every month. This amounts to nearly Rs 6 every year. Oil firms will be selling diesel to bulk buyers at market rates. The new prices will be effective from Friday.

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