Dual pricing of diesel to exclude railways and STCs: Govt

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New Delhi, Sept 24 (UNI) The government today clarified that it will not include the Indian Railways and State Transport Corporations in its proposed dual pricing policy.

''The transporters and the Railways will not be included in the dual price mechanism,'' Petroleum secretary R S Pandey told reporters here on the sidelines of a conference.

The Petroleum Ministry is considering bringing a dual pricing policy for diesel so that bulk users are charged a higher retail price.

Oil Marketing Companies (OMCs) had proposed to the Petroleum Ministry that diesel for industries and big cars be sold at Rs 57 per litre instead of the current price of Rs 34.80 a litre.

If the policy is implemented, bulk industrial users will be charged Rs 22.20 more.

Diesel demand in April-July had gown up by 18 per cent, with bulk of the growth coming from industrial users like power plants.

The unprecedented growth in demand has seen domestic output fall short of the requirement and a total of 4.14 million tonnes of diesel may have to be imported in 2008-09.

Of this, 1.267 million tonnes has been imported in April-July.


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