Reddy rules out deregulation of diesel prices
Oil Minister S Jaipal Reddy on Tuesday ruled out deregulation of diesel prices and said he had demanded that the government compensate state-owned oil firms for the losses they made on not raising prices of petrol.
On Board Air India One, June 29 Saying that people will understand the perils of excessive populism, Prime Minister Manmohan Singh Tuesday said diesel prices will also be decontrolled on the lines of petrol last week.