Industry body Confederation of India Industries (CII) today welcomed government's decision to increase diesel price.
"The decision of the government to hike diesel prices and LPG (beyond six cylinders) are borne out of necessity. CII fully understands the economic compulsions for such a decision," CII Director General Chandrajit Banerjee said in a statement.
He added that "rationalisation of fuel subsidies is a necessity from the point of fiscal consolidation and
therefore, CII congratulates the government on this bold decision."
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