India diesel price decision not to reduce fuel subsidy bill - finmin

NEW DELHI Thu Jan 17, 2013 4:17am EST

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NEW DELHI Jan 17 (Reuters) - India's budget-busting fuel subsidy bill for the current fiscal year ending in March is expected to remain unchanged even after a government decision to allow state-run oil companies to set diesel prices, Finance Minister P. Chidambaram said on Thursday.

"When they will make this small correction and how much, I can't say," he said. "So I am not factoring it."

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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