Related Articles
Forward article link
Share PDF with colleagues

Indian fuel subsidies suffocating refiners

Indian fuel prices must rise immediately or the country's downstream companies could face bankruptcy. But they probably won't, Yeshi Seli reports from New Delhi

PETROLEUM products prices must be raised immediately or India's oil-marketing companies could face bankruptcy, according to a government committee. India's public-sector oil-marketing companies will make large losses this year after selling refined products at below cost because of government price controls. That prospect has intensified the downstream industry's appeals for the government to relax price controls. A government committee set up in December to find solutions to a problem that discourages downstream investment and has in the past forced companies to shut down retail operations has called for immediate price rises. But this recommendation seems unlikely to be implemented: simil

Also in this section
US and Russia duel over production dominance
22 June 2018
Fuelled by shale gains, US output has risen rapidly, now outstripping Russia’s production; but Moscow won’t accept the shift lying down
Barents comes into focus for Norway
22 June 2018
There's a lot more gas and oil to be found in the Norwegian Arctic, if the explorers can be persuaded to look for it
Egypt wears the East Med LNG crown
20 June 2018
With production rising fast and other East Med countries looking for markets, Egypt is hoping that its LNG plants will soon come into their own