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    HomeNewsBusinessCompaniesGovt allows oil firms to set prices over a period of time

    Govt allows oil firms to set prices over a period of time

    India's state-run oil marketing companies have been authorized to raise diesel prices in small increments "over a period of time", Oil Secretary G. C. Chaturvedi said on Thursday, but did not give a time-frame or quantity for such price increases.

    January 17, 2013 / 14:47 IST

    India's state-run oil marketing companies have been authorized to raise diesel prices in small increments "over a period of time", Oil Secretary G. C. Chaturvedi said on Thursday, but did not give a time-frame or quantity for such price increases.

    OMCs allowed to tweak diesel price, Sensex up, HPCL up 4.5%


    Earlier, the government permitted state-run oil marketing companies to set diesel prices, in a surprise move that could help the government reduce its budget-busting subsidy bill.

    first published: Jan 17, 2013 02:00 pm

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