Does the Prime Minister plan to rein in the fiscal deficit by raising diesel prices? The latest available data on the under-recovery on diesel was published on 16 August, 2013. The under-recovery on diesel was around Rs 10.22 per litre. At that point of time the price of crude oil was at Rs 6680.46 per barrel (around 159 litres). Since then the price of crude oil has gone up to Rs 7723.68 per barrel as on 29.08.2013. This means diesel under-recoveries must also have risen to roughly around Rs 12 per litre. And if raising diesel prices is not an option, does the PM plan to raise fertilizer prices? Or does he plan to cut down on other planned expenditure? And if he cuts down the planned expenditure, will it not have an impact on economic growth? And if the economic growth slows down, how will the nation meet the economic growth target of 5.5 percent, of which Singh is so confident about? m.firstpost/politics/rupee-and-inflation-how-manmohan-cracked-the-best-joke-yesterday-1075117.html?utm_source=dlvr.it&utm_medium=twitter
Posted on: Sat, 31 Aug 2013 08:10:14 +0000