'UNHAPPY' New Year: Oil Ministry to hike diesel price by R 2 and LPG by R 100!

New Delhi: Despite an expected receding of food inflation, households will have to worry about budget. In the ongoing deregulation of oil and gas prices, there is more to follow. Oil Ministry is to take a bigger bite once to induce the price deregulation of the subsidised oil and gas across the country.

                                   

Painful it may sound but the Ministry has one major push for price hike of LPG (liquefied petroleum gas) before per annual quota of LPG cylinders household is raised from 9 to 12. A steep price hike is expected in fuel (kitchen and auto) next 2–3months.Read more