Diesel prices to be hiked 40-50 paise every month:Moily

Moily said diesel prices will be hiked by 40-50 p per litre every month

New Delhi, Feb 1 (PTI):Diesel prices will be hiked by 40-50 paise per litre every month till losses on the nation’s most used fuel are completly wiped out, Oil Minister M Veerappa Moily said today.

“Until further orders, oil marketing companies can increase it (diesel price) by 40-50 paise (per litre) every month,” he told reporters here.