The Prime Minister’s economic advisory panel has pitched for an early decision on freeing of diesel prices, saying that oil companies are incurring huge losses on account of difference between domestic and international prices.“At one time I felt that if inflation comes down to 7 per cent it can be done. Since it is taking time for the inflation rate to come down, perhaps an earlier decision (to deregulate diesel prices) may be required”, Prime Minister’s Economic Advisory Council (PMEAC) Chairman C. Rangarajan told PTI.
