Brace up! Government agrees to decontrol diesel prices

| April 24, 2012 | 5 Comments

Driving a diesel car and laughing at your neighbor whose calculations went haywire as the gasoline prices spiraled suddenly? You were comfortably cushioned by the subsidized prices of the dirty fuel thus far, but it’s time for your neighbor to laugh at you. If you have not recovered a substantial amount of the extra money you paid for that oil burner, you have a reason to worry. The government has in principle decided to decontrol diesel prices, a move which is expected to put a rocket propellant beneath the already soaring commodity prices. As for the cost of your commute to work, well, they never bothered about it anyway. The government, however, will continue giving subsidies on cooking gas. And we should all hail our kind elected representatives for that benevolent act of charity.

The minister for state for finance Namo Narain Meena said that the government has agreed to make the prices of diesel market determined, in a written statement in Rajya Sabha. The government thinks that the subsidies on LPG, Kerosene and diesel result in a huge financial deficit. No comments, however, were made on the relatively gargantuan blows landed on the country’s budget with our honorable politicians’ acts of corruption though.

The entire amount given out in subsidies in the current fiscal is a little more than Rs 40,000 crore. What’s there to worry about that, we ask, when a minister can gobble up thrice that amount with a single scam? One less scam and we’d be good, won’t we?

Decontrolling diesel prices, taking in view the bigger economical picture is a good thing. But the government shouldn’t blame subsidies for fiscal deficit when their own ministers are causing the biggest losses to the exchequer for their personal gains. People in power, have a break, have a Kit-Kat – who knows, you’ll see the fiscal deficit disappearing automatically.

Your views please, readers!

Category: News

About the Author ()

Dyed-in-the-wool motoring enthusiast and internationally published writer. Been around for a bit to be clued in about the latest happenings in the world of crankshafts and pistons. Movie buff, Steve Jobs worshiper, wanderer and philosopher who loves his scotch. Follow Amit on Twitter @amitchhangani for the freshest auto news, opinions and other random ramblings

Comments (5)

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  1. boy u have hit the nail on the head.

  2. boy u have hit the nail on the head.

  3. boy u have hit the nail on the head.

  4. Raghu Rags says:

    Here comes the tuff time for the ones who were preferring and using diesel machines.

  5. Raghu Rags says:

    Here comes the tuff time for the ones who were preferring and using diesel machines.

  6. Raghu Rags says:

    Here comes the tuff time for the ones who were preferring and using diesel machines.

  7. Shabeer Khan says:

    left or right they just want to have their chairs secured and once its done the people are nothing more than toilet paper, discard after use.

  8. Shabeer Khan says:

    left or right they just want to have their chairs secured and once its done the people are nothing more than toilet paper, discard after use.

  9. Shabeer Khan says:

    left or right they just want to have their chairs secured and once its done the people are nothing more than toilet paper, discard after use.

  10. right from agriculture production the entire supply chain will be effected.. God help the inflation.

  11. right from agriculture production the entire supply chain will be effected.. God help the inflation.

  12. right from agriculture production the entire supply chain will be effected.. God help the inflation.

  13. Nilesh Sundar says:

    Was going to happen some day. But the fact that such steps are taken without giving any thoughts to easing aam aadmi's commuting woes is the story of our lives in India.
    All we hear is the one sided change in policy without any effort to balance the impact. They make it sound like they were doing us a favor that they now want to take away. Doesn't sound anything close to what a good government should say.
    What stops the government from saying that "We are decontrolling the prices of diesel by 2014. But only after ensuring that by then all major cities in India will have practical, effective, reliable and well priced public transportation."? Are we electing greedy morons?

  14. Nilesh Sundar says:

    Was going to happen some day. But the fact that such steps are taken without giving any thoughts to easing aam aadmi's commuting woes is the story of our lives in India.
    All we hear is the one sided change in policy without any effort to balance the impact. They make it sound like they were doing us a favor that they now want to take away. Doesn't sound anything close to what a good government should say.
    What stops the government from saying that "We are decontrolling the prices of diesel by 2014. But only after ensuring that by then all major cities in India will have practical, effective, reliable and well priced public transportation."? Are we electing greedy morons?

  15. Nilesh Sundar says:

    Was going to happen some day. But the fact that such steps are taken without giving any thoughts to easing aam aadmi's commuting woes is the story of our lives in India.
    All we hear is the one sided change in policy without any effort to balance the impact. They make it sound like they were doing us a favor that they now want to take away. Doesn't sound anything close to what a good government should say.
    What stops the government from saying that "We are decontrolling the prices of diesel by 2014. But only after ensuring that by then all major cities in India will have practical, effective, reliable and well priced public transportation."? Are we electing greedy morons?

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