Petrol, diesel prices may be hiked to fund fuel upgrade
June 13, 2014  19:07
Petrol and diesel prices will be hiked by 75 paise a litre each if the government accepts an expert panel report that recommends nationwide fuel standards be upgraded to eliminate cancer-causing particle emissions by 2020. 

The Saumitra Chaudhuri Committee on Auto Fuel Vision & Policy 2025 estimated that upgrading refineries to produce Euro-V equivalent petrol and diesel will need an investment of Rs 80,000 crore. This cost can be met by the 75 paise levy on petrol and diesel, it said.
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