Diesel, K-oil rates may go up

New Delhi: Diesel prices may have to be raised by Rs 10 per litre over the next one year, and kerosene rates by same quantum over the next two years, if government accepts recommendations of Vijay Kelkar Committee. The committee, which was appointed by Finance Ministry to formulate the fiscal consolidation roadmap, had in its report suggested raising diesel and kerosene rates to cut the Rs 1,63,000 crore fuel subsidy bill. (PTI)