Chambers want hike in LPG, kerosene prices too

NEW DELHI: Industry chambers have termed the price hike for petrol and diesel as something that was inevitable.

Leading industry bodies, including CII and Assocham who were looking forward to revision in domestic oil prices given the global run-up in crude prices, indicated that the revision should also have addressed other petroleum products, including LPG and kerosene

CII president R Seshasayee said, “CII recognises that oil price hike had become inevitable. CII continues to recommend the reflection of international oil prices on a real-time basis in the Indian market, after suitable alleviation through adjustment in taxes.”

He added, “CII continues to urge the government to implement the recommendations of the Rangarajan Committee which comprehensively addresses the issue of petroleum products, including kerosene and LPG.”

On his part, Assocham president Anil Agarwal said that the hike had become essential in view of rising oil prices overseas. He added, “The government should have effected considerable hike in prices of LPG. The government should ensure that the targeted subsidy on kerosene should not be misused for adulteration purposes.”