Cleaner petrol, diesel to cost more from April 1 | business | Hindustan Times
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Cleaner petrol, diesel to cost more from April 1

business Updated: Mar 24, 2010 15:39 IST
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Cleaner -- but costlier -- Euro-IV standard petrol and diesel will be available from April 1 in 13 cities across the country, Petroleum Secretary S Sundareshan said in New Delhi on Wednesday.

At a function to mark the launch of the cleaner fuel, he said: "From April 1, Euro-IV standard fuel will be available in 13 cities in India". These cities will include Delhi, Mumbai, Kolkata, Chennai, Hyderabad and Bangalore.

Sundareshan noted that the oil firms had made an investment of over Rs 40,000 crore to upgrade their refineries to produce the cleaner grade of petrol and diesel. This was likely to be on passed to the consumer, he indicated.

The secretary said the Euro-IV petrol will cost 46 paise per litre more than Euro-III, while Euro-IV diesel will be 26 paise costlier.

Sundareshan added that oil firms were already facing a loss of Rs 70,000 crore this year as auto fuels and cooking gas were sold at highly subsidised rates.