On Sunday, price of transoort fuel hit record highs along with the roll out of the Euro-VI grade petrol and diesel as the latest measure to tackle air pollution in the national capital.
Under the dynamic pricing system for auto fuels, state-run oil marketing firms made an announcemet of price of petrol in Delhi at Rs 73.3, which marked a four year high. Both fuels were marked by a rise of 18 paise a little each.
Making an announcement about the Indian Oil Corp’s preparations for supplying the Euro-VI emission norm-compliant BS-VI fuels in place of the earlier Euro-IV grade. B.V.Rama Gopal, the IOC Director stated that though massive investment had been made to supply the improved fuel, the Delhi consumers are not being passed on any of the additional cost of production.
Adding to his statement that a mechanism for recovering the cost would be worked out when the whole country shifts to Euro-VI grade fuel he also stated that “Rest assured we don’t have plans of passing on the cost to customers. There are no plans to recover from customers immediately”.
The deadline of April 2020 for the country to implement BS-VI grade fuels had been advanced for Delhi to April 1,2018.
Euro-VI fuel and lesser grade cars and two wheelers presently available, would result in 10-20 percent reduction in particulste emission in Delhi.