Financial Daily from THE HINDU group of publications
Tuesday, Nov 29, 2005
Financial Daily from THE HINDU group of publications Tuesday, Nov 29, 2005 |
|
|
|
|
|
|
|
Industry & Economy
-
Petroleum `Limit subsidised kerosene sales thru PDS to check adulteration' Our Bureau
Mr Sarthak Behuria, IOC Chairman, addressing a press conference in the Capital on Monday. — Kamal Narang
New Delhi , Nov. 28 INDIAN Oil Corporation (IndianOil) on Monday said there was an urgent need to address such issues as adulteration and diversification of petroleum products plaguing the industry. Speaking to media persons, Mr Sarthak Behuria, IndianOil Chairman, said the industry has been discussing these issues with the Petroleum Ministry and sought certain revision in the Marketing Discipline Guidelines (MDG), which held the company official concerned responsible for adulteration and diversification in a retail outlet. Mr Behuria said the industry has sought limiting the sale of subsidised kerosene through the public distribution system (PDS) to people living below the poverty line and ration cardholders to prevent its diversion for adulteration of auto fuels. IndianOil, which recently lost a young sales officer to the adulteration mafia, blamed the price differential in subsidised kerosene, petrol and diesel for the thriving adulteration business. ``We think supply of subsidised kerosene should be restricted to BPL families so as to reduce the number of users. This way the scope of diversion gets limited,'' Mr Behuria said. The adulteration business had attained the stature of a mafia due to differential pricing of kerosene and auto fuels, he said. Currently, kerosene is priced at less than Rs 10 a litre and one litre of diesel costs about Rs 32, making it highly lucrative to sell kerosene to blend with diesel.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page More Stories on : Petroleum
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|