business

Diesel price hike likely to contribute Rs 30,000 cr in FY14

According to CNBC-TV18‘s Aakansha Sethi, the additional petroleum subsidy is likely at Rs 30,000 crore in FY14. Diesel price hikes will contribute Rs 30,000 crore in FY14 and this diesel price hike is likely after the Parliament's session and the food and petroleum subsidy can be financed by cuts in expenditure which is also a very critical line.

first published: Aug 28, 2013 05:13 pm