Diesel price decision not to reduce fuel subsidy bill - Chidambaram

NEW DELHI Thu Jan 17, 2013 2:53pm IST

Palaniappan Chidambaram speaks during a news conference after a South Asian Association for Regional Cooperation (SAARC) interior ministers meeting in Islamabad June 26, 2010. REUTERS/Faisal Mahmood/Files

Palaniappan Chidambaram speaks during a news conference after a South Asian Association for Regional Cooperation (SAARC) interior ministers meeting in Islamabad June 26, 2010.

Credit: Reuters/Faisal Mahmood/Files

Related Topics

NEW DELHI (Reuters) - India's budget-busting fuel subsidy bill for the current fiscal year ending in March is expected to remain unchanged even after a government decision to allow state-run oil companies to set diesel prices, Finance Minister P. Chidambaram said on Thursday.

"When they will make this small correction and how much, I can't say," he said. "So I am not factoring it."

(Reporting by Rajesh Kumar Singh; Editing by Anupama Dwivedi)

FILED UNDER:

Surprise Rate Cut

Reuters Showcase

Insurance Bill

Insurance Bill

Opposition support bolsters prospects for insurance reforms  Full Article 

SBI Share Sale

SBI Share Sale

SBI's up to $2.4 billion share sale likely by end April - sources   Full Article 

Eicher Share Sale

Eicher Share Sale

Truck maker Volvo sells shares in Eicher Motors  Full Article 

Beef Ban

Beef Ban

After beef ban, Hindu groups force abattoirs to close   Full Article 

Monsoon Season

Monsoon Season

Exclusive - India expects better monsoon rains this year  Full Article 

Services Growth

Services Growth

Services growth at eight-month high in Feb - HSBC PMI  Full Article 

'India's Daughter'

'India's Daughter'

Documentary on 2012 Delhi gang rape banned in India  Full Article 

Capex Slashed

Capex Slashed

Cairn India slashes 2015-16 capex on falling crude   Full Article 

Strong Start

Strong Start

Airwaves auction off to strong start, bids near $10 billion.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage