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Sinha rules out rollback on diesel prices

NEW DELHI, OCT 15: Finance Minister Yashwant Sinha today ruled out any rollback on prices of diesel which was raised by 40 per cent to mo...

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NEW DELHI, OCT 15: Finance Minister Yashwant Sinha today ruled out any rollback on prices of diesel which was raised by 40 per cent to mobilise over Rs 6000 crore to offset the burgeoning oil pool deficit.

8220;There is no move to roll-back diesel prices,8221; Sinha told reporters on the sidelines of the CII meeting on National Council.

Sinha said the country had run out of soft options and the Industry would have to put up with hard decisions, without which the economy could plunge into an internal debt trap.

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