According to a statement issued by ICRA Ratings, “Indian government’s decision to leapfrog the Bharat Stage (BS)-V Emission Standards and implement the BS-VI norms by April 2020, four years ahead of the earlier schedule, will make diesel vehicles costlier by Rs.70,000 to Rs.1,50,000.”
- The diesel segment is likely to witness a sizeable price increase due to introduction of additional components. However, the cost of petrol passenger vehicles may increase by 20,000-30,000 per vehicle.
- Also, as diesel vehicles would require significant technology changes, the cost differential between petrol and diesel passenger vehicles would expand further.
In a bid to curb vehicular pollution, the government, in January 2016 decided to implement stricter emission norms of Bharat Stage (BS) VI from April 1, 2020 by skipping BS-V altogether.
- At present, BS-IV auto fuels are being supplied in whole of northern India covering J&K, Punjab, Haryana, Himachal Pradesh, Uttarakhand, Delhi, parts of Rajasthan and western UP. The rest of the country has BS-III grade fuel.