Govt likely to increase diesel prices by Rs 4 To 5 per liter

Government is likely to increase diesel prices by Rs 4-5 per liter after the ongoing parliament session ends on September 7.

According to report, the state run oil companies are facing huge loss on sale of diesel figuring to Rs 19 per liter, the petroleum ministry has planned to shift the burden of Rs 5 per liter to consumers.

Petrol prices may get soared up

All the government petrol providing companies have warned the Indian government of the prospective pricing in the petrol prices. As after the private companies have suffered a huge loss in the investments, now they demand a mere return as revenue generation in the respective companies by the government.Relief is fleeting, the companiies have asked the government of some under recovery compensatoin or some assistance.But t can not be denied that the petrol prices would surely be soaring up and that too early.
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