Good News: Petrol to go cheaper by Rs 5 from Wednesday

[Guest guest]

Good News: Petrol to go cheaper by Rs 5 from Wednesday

<../../../../../Hum-Our-Tum/join> <../../../../../Hum-Our-Tum/join>

Wed, Jan 28 04:19 PM <../../../../../Hum-Our-Tum/join>

 

 

<../../../../../Hum-Our-Tum/join>

 

<../../../../../Hum-Our-Tum/join>

 

 

<../../../../../Hum-Our-Tum/join>

 

Taking cue from his leader's remark, Petroleum Minister Murli Deora

squeezed in a proposal before the Cabinet for a cut in petrol prices by

Rs 5 a litre, diesel by Rs 2 a litre and cooking gas LPG by Rs 25 a

cylinder with effect from Wednesday night.

<../../../../../Hum-Our-Tum/join>

 

 

<../../../../../Hum-Our-Tum/join>

 

On Tuesday, UPA chairperson Sonia Gandhi told a rally that she hoped

that petrol prices would be reduced soon. " The prices of petroleum

products have decreased recently and I expect that soon they will dip

further. " <../../../../../Hum-Our-Tum/join>

 

Sources said that though the proposal to the Cabinet Committee on

Economic Affairs -- which meets on Wednesday evening -- provides the

option of taking auto fuel pricing out of government realm, it was

likely to be left for the next government that would be in place in June

after general elections. <../../../../../Hum-Our-Tum/join>

 

 

<../../../../../Hum-Our-Tum/join>

 

The second option, which has the political consent, for the CCEA is to

bring down petrol prices by Rs 5, diesel by Rs 2 and LPG by Rs 25, they

said. Deora, however, maintained that a decision on the exact reductions

would be decided at the CCEA. <../../../../../Hum-Our-Tum/join>

 

 

<../../../../../Hum-Our-Tum/join>

 

The pricing issue is usually decided by a smaller Cabinet Committee on

Political Affairs but that was not slated for Wednesday, said sources.

<../../../../../Hum-Our-Tum/join>

 

 

<../../../../../Hum-Our-Tum/join>

 

The CCEA would also approve that as an interim measure, the Finance

Ministry would provide Rs 44,967 crores worth of oil bonds as the

government's share of under-recoveries, upstream companies would yield

Rs 25,929 crores as discounts on crude oil and LPG to oil marketing

companies, and the OMCs absorb Rs 21, 957 crores in their balance sheet.

<../../../../../Hum-Our-Tum/join>

 

 

<../../../../../Hum-Our-Tum/join>

 

The state-run OMCs suffered Rs 92,853 crores as under-recoveries in the

first half of this fiscal year as government held on to prices despite a

sharp surge in global crude oil prices.

<../../../../../Hum-Our-Tum/join>

 

 

<../../../../../Hum-Our-Tum/join>

 

Crude oil had climbed to a record high of $147 a barrel in July, but has

since come down to $40 a barrel prompting the government to cut petrol

prices on December 5 by Rs 5 and diesel by Rs 2 a litre.

<../../../../../Hum-Our-Tum/join>

 

 

<../../../../../Hum-Our-Tum/join>

<../../../../../Hum-Our-Tum/join> Never take some one for granted,Hold

every person Close to your Heart because you might wake up one day and

realise that you have lost a diamond while you were too busy collecting

stones. " Remember this always in life.

 

<../../../../../Hum-Our-Tum/join> <../../../../../Hum-Our-Tum/join>

<../../../../../Hum-Our-Tum/join> <../../../../../Hum-Our-Tum/join>

<../../../../../Hum-Our-Tum/join> Mail is Composed and Sent by

<../../../../../Hum-Our-Tum/join> Syed Hassan Ali

<../../../../../Hum-Our-Tum/join> <../../../../../Hum-Our-Tum/join>

Group Moderator <../../../../../Hum-Our-Tum/join> Hum-Our-Tum Group

<../../../../../Hum-Our-Tum/join> Mobile No : 9885290563

<../../../../../Hum-Our-Tum/join> <../../../../../Hum-Our-Tum/join>

hassanrazvi786@ ... <../../../../../Hum-Our-Tum/join> Hyderabad India

<../../../../../Hum-Our-Tum/join> <../../../../../Hum-Our-Tum/join>

Hum-Our-Tum/join

<../../../../../Hum-Our-Tum/join> <../../../../../Hum-Our-Tum/join>

[Click here to join Hum-Our-Tum] <../../../../../Hum-Our-Tum/join>