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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
13-December-2011 18:11 IST
De-Regulation of Petroleum Products
The Minister of State Petroleum and Natural Gas Shri R.P.N. Singh informed in the Rajya Sabha in a written reply today that At present, there is no such proposal under consideration before the Government to decontrol the prices of Diesel, PDS Kerosene and Domestic LPG. He further said that the Government is modulating the Retail Selling Prices (RSPs) of Diesel, PDS Kerosene and Domestic LPG to insulate the common man from the impact of rising international oil prices and the domestic inflationary conditions. The RSPs of these petroleum products are not being maintained in line with the movement in international oil prices.

Shri R P N Singh also informed that the Kirit Parikh committee had recommended that the price of Diesel may be made market-determined. Government on 25-06-2010 took a decision ‘in principle’ that its price would be made market-determined, both at Refinery Gate and Retail Level. However, for the reasons stated above, Government continues to modulate the RSP of Diesel. The price of CNG is already deregulated.

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