Government should end fuel price control: Ministry
NEW DELHI: The government needs to end controls on prices of petrol and diesel to curb
fuel demand, the finance ministry said in its annual economic survey on Thursday. The
announcement comes a day after Asia's third-largest oil consumer raised petrol prices by
10 percent and diesel by about 6.5 percent, but the increase was still smaller than needed
for ending state controls. The survey, presented to parliament ahead of an updated budget
on Monday, listed energy policy issues that needed to be addressed. These included:
"Decontrol petrol and diesel prices. Develop a policy response system and financial buffer
for use when diesel prices rise above the oil equivalent price of $80 a barrel." But analysts
said there were doubts the government would liberalise price policy.
Source:http://www.expressbuzz.com/edition/story.aspx?Title=Government+should+end+fu
el+price+control:+Ministry&artid=2TyqIwnCoOc=&SectionID=XT7e3Zkr/lw=&MainSect
ionID=XT7e3Zkr/lw=&SectionName=HFdYSiSIflu29kcfsoAfeg==&SEO=
NEW DELHI: The government needs to end controls on prices of petrol and diesel to curb
fuel demand, the finance ministry said in its annual economic survey on Thursday. The
announcement comes a day after Asia's third-largest oil consumer raised petrol prices by
10 percent and diesel by about 6.5 percent, but the increase was still smaller than needed
for ending state controls. The survey, presented to parliament ahead of an updated budget
on Monday, listed energy policy issues that needed to be addressed. These included:
"Decontrol petrol and diesel prices. Develop a policy response system and financial buffer
for use when diesel prices rise above the oil equivalent price of $80 a barrel." But analysts
said there were doubts the government would liberalise price policy.
Source:http://www.expressbuzz.com/edition/story.aspx?Title=Government+should+end+fu
el+price+control:+Ministry&artid=2TyqIwnCoOc=&SectionID=XT7e3Zkr/lw=&MainSect
ionID=XT7e3Zkr/lw=&SectionName=HFdYSiSIflu29kcfsoAfeg==&SEO=
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