GoM meet on commodity prices to be held on December 14
A high-powered Group of Ministers, headed by External Affairs Minister Pranab Mukherjee, on commodity prices including fuel rates will meet for the first time on December 14.
By PTI |
NEW DELHI: A high-powered Group of Ministers, headed by External Affairs Minister Pranab Mukherjee, on commodity prices including fuel rates will meet for the first time on December 14.
"The first meeting of the Group of Minister constituted by Prime Minister Manmohan Singh will be held on December 14," Petroleum Minister Murli Deora told reporters here.
The GoM, he said, would look into pricing of essential commodities including the pricing of petrol, diesel, domestic LPG and PDS kerosene.
The GoM also includes Defence Minister A K Antony, Finance Minister P Chidambaram, Railway Minister Lalu Prasad, Road Transport, Highways and Shipping Minister T R Baalu and Consumer Affairs Minister Sharad Pawar.
Earlier, Deora, in a written reply to a question in Lok Sabha, said international oil prices have risen to record levels. But, "to protect the common man, domestic retail prices of PDS kerosene and domestic LPG have not been increased over the last three years."
PDS kerosene is being supplied at Rs 9.09 a litre (in Delhi) as against Rs 24.39 per litre based on international oil prices. Similarly, domestic LPG (in Delhi) is retailed at Rs 294.75 per cylinder against its international equivalent of Rs 487.95 per cylinder.
"The current projected annual under recoveries (difference between cost and sale price) on petrol, diesel, PDS kerosene and domestic LPG are estimated to exceed Rs 69,700 crore. Out of these under recoveries, about Rs 33,600 crore are on account of domestic LPG and PDS kerosene," he said.
"The first meeting of the Group of Minister constituted by Prime Minister Manmohan Singh will be held on December 14," Petroleum Minister Murli Deora told reporters here.
The GoM, he said, would look into pricing of essential commodities including the pricing of petrol, diesel, domestic LPG and PDS kerosene.
The GoM also includes Defence Minister A K Antony, Finance Minister P Chidambaram, Railway Minister Lalu Prasad, Road Transport, Highways and Shipping Minister T R Baalu and Consumer Affairs Minister Sharad Pawar.
Earlier, Deora, in a written reply to a question in Lok Sabha, said international oil prices have risen to record levels. But, "to protect the common man, domestic retail prices of PDS kerosene and domestic LPG have not been increased over the last three years."
PDS kerosene is being supplied at Rs 9.09 a litre (in Delhi) as against Rs 24.39 per litre based on international oil prices. Similarly, domestic LPG (in Delhi) is retailed at Rs 294.75 per cylinder against its international equivalent of Rs 487.95 per cylinder.
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"The current projected annual under recoveries (difference between cost and sale price) on petrol, diesel, PDS kerosene and domestic LPG are estimated to exceed Rs 69,700 crore. Out of these under recoveries, about Rs 33,600 crore are on account of domestic LPG and PDS kerosene," he said.
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