A survey by the petroleum ministry shows that the major beneficiary of diesel subsidy in India are heavy and light commercial vehicles.Out of the total revenue loss of Rs 92,061 crore on account of sale of diesel during 2012-13, about Rs 12,100 crore went to owners of private cars and utility vehicles (UV), Rs 8,200 crore to commercial cars and utility vehicles, Rs 26,000 crore to heavy and light commercial vehicles , Rs 8,800 crore to buses, Rs 12,000 crore to agriculture sector and about Rs 15,600 crore to other sectors. In states like Odisha (82.3%), Bihar (75.2%) and Rajasthan (72.9%), consumption of petrol by two-wheelers exceeds 70% while it is very low in states like Delhi, Haryana and Gujarat where consumers have shifted to CNG or diesel. business-standard/article/companies/commercial-vehicles-major-beneficiary-of-diesel-subsidy-114012800497_1.html
Posted on: Tue, 28 Jan 2014 14:31:13 +0000