The Indian government has supposedly deregulated the determination of prices of petroleum products like petrol and diesel in India. Every time prices of these two products go up, the government plays this card of deregulation to answer the critiques e.g., recently the Modi government reduced the excise duty on petrol and diesel by 1.5 rupees […]
Tag Archives: Crude oil
15
May
May
Since coming to power the Narendra Modi government, in the economy sector, was helped by one big factor i.e., the low international crude oil price. Helped because crude oil import represents top import bill for the Indian government. Being the only major source of conventional energy, without which the economy cannot work, oil is the […]