Lesser petroleum subsidies is welcome

Provision for lesser petroleum subsidies will necessitate the government to pass on more cost of crude to diesel and PDS (LPG and kerosene) consumers.  For the development of the petroleum sector, that is welcome.  However, attempt to here onwards keep oil companies’ share of subsidy burden with a pre-determined ceiling seems difficult to succeed
– Deepak Mahurkar, Leader Oil & Gas , PwC India

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