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

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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)

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