Govt. takes first decisive step towards deregulation of diesel prices

Taking a decisive step towards the deregulation of diesel prices, the government on Thursday allowed oil companies to decide on price of the fuel and revise it from time to time. After a go ahead from the Centre, oil companies yesterday hiked diesel prices by 45 paise per litre, in a move that with definitely hike the prices of all commodities as transportation will become costlier. The hike in diesel prices will take effect from Friday. read more

Taking a decisive step towards the deregulation of diesel prices, the government on Thursday allowed oil companies to decide on price of the fuel and revise it from time to time. After a go ahead from the Centre, oil companies yesterday hiked diesel prices by 45 paise per litre, in a move that with definitely hike the prices of all commodities as transportation will become costlier. The hike in diesel prices will take effect from Friday. read more

[via Stock Watch – Stock Specific News]

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