Hsd Overcharged To Cross-Subsidise Kerosene, Lpg

Contrary to the common belief that high-speed diesel (HSD) is still being subsidised, it is being overcharged to the extent of 61 paise a litre to provide cross-subsidy to kerosene sold through the public distribution system and liquefied petroleum gas used for domestic cooking.

In September 1997, the Cabinet had decided to completely do away with the subsidy on HSD and had put it in the