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    Default Govt. to free diesel prices; no such proposal for LPG

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    The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.

    “Government has, in principle, agreed to make the prices of diesel market determined,” Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.

    While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a large budgetary expenditure on subsidies.

    “There is no proposal at present to fully deregulate cooking gas price,” Mr. Meena said.

    He said the government continues to fix the price of diesel in order to shield the common man from the impact of rising crude oil prices and the resultant inflation.

    “In order to insulate the common man from the impact of rise in international oil prices and the domestic inflationary conditions, the government continues to modulate the retail selling price of diesel,” Mr. Meena added.
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