Free diesel prices at the earliest: Rajan

September 15, 2014 15:02

The government must take advantage of the lowest oil prices in a year to deregulate diesel, RBI Governor Raghuram Rajan said today.

Brent crude, a benchmark for Asian and Indian buyers, has fallen 14 per cent since June to USD 96.38 per barrel.

This together with monthly price increases of up to 50 paisa a litre has trimmed losses on the nation's most consumed fuel to just 8 paisa per litre.

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