Presidential elections in the country 5 per liter in diesel prices would increase. I reported the news agency quoted the presidential election will end on July 19. Well the government is preparing diesel price hike. When this happens, the country will reach its peak in July to end inflation. However, sluggish monsoon and diesel to grow food - drink prices of things are expected of the fire.
Interestingly, the food to move from one place to another place is heavy use of diesel. However, in the rail freight for diesel has a special role. The increase in fuel prices on the food - drink prices is certain to have all the necessary materials. What's more, this time the monsoon to be 23 per cent less fuel to the fire of inflation.
Fire will look at the price of vegetables
Due to poor monsoon, food prices have already reached the sky. It is now up to Rs 5 in diesel and vegetable buyers is much too harsh. At present Rs 20 in Delhi, potatoes, tomatoes, Rs 40, Rs 80 okra and beans are at Rs 80 per kg. The increase in diesel prices of these vegetables is expected to grow 30 per cent.
Prices have not risen since July 25
Diesel prices have not increased since July 25 last year and the state-owned oil companies than the import price of Rs 10.33 per liter are selling it at a loss. At present the Government's subsidized diesel at Rs 14 per liter is 29 cents.
Oil subsidies for the current financial Warske government has allocated Rs 43 580 million.Subsidy burden is taking a heavy toll on the country's fiscal deficit.
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