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Oil subsidies

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By raising petrol, diesel prices govt passes test on oil deregulation; LPG next?

Feb 16, 2015

By raising petrol, diesel prices govt passes test on oil deregulation; LPG next?

The Modi government has, by allowing petrol and diesel prices to rise this week, has indicated that it intends to let prices be determined by market conditions. It needs to distance itself further from these decisions. #Petrol #Oil subsidies #Diesel #Diesel Price HIke #LPG Deregulation #Oil Deregulation #Kerosene Prices
ONGC disinvestment: Why Jaitley should read the story of the Golden Goose first

Jul 18, 2014

ONGC disinvestment: Why Jaitley should read the story of the Golden Goose first

It makes no sense to sell ONGC shares when oil subsidy and pricing policies are in a flux and non-transparent. Selling now means lower price realisation for government #Disinvestment #ONGC #Oil subsidies #Arun Jaitley #Chidambaram #Pranab
In his last act, Chidu fleeces oil companies even more to maintain his fiscal fiction

May 24, 2014

In his last act, Chidu fleeces oil companies even more to maintain his fiscal fiction

The UPA government has expanded the share of subsidies that the oil and gas producers have to pay in 2013-14 so that it can show a lower fiscal deficit. This is nothing but accounting sacrilege. #P. Chidambaram #oil #ONGC #Oil subsidies #GAIL #Modi #OMCs #misgovernance #Public Sector Oil Companies
Union Budget 2013: Chidu's real fiscal deficit will miss by a mile

Feb 27, 2013

Union Budget 2013: Chidu's real fiscal deficit will miss by a mile

If you add the oil subsidies given out by ONGC, Gail and Oil India, the real fiscal deficit will be closer to 5.7 percent despite the FM's best efforts #Oil subsidies #fiscal deficit #Budget 2013
Diesel price decontrol: Bad karma catches up with UPA govt

Jan 18, 2013

Diesel price decontrol: Bad karma catches up with UPA govt

The lesson that the UPA government ought to take away from this is that it may run, but it cannot hide, from the malefic effects of bad economics. #BJP #UPA government #diesel prices #oil subsidy
Diesel hike impact not factored in FY13 oil subsidy bill:FM

Jan 17, 2013

Diesel hike impact not factored in FY13 oil subsidy bill:FM

Concerned over under-recoveries by oil companies, the Cabinet Committee on Political Affairs (CCPA) earlier in the day authorised oil marketing companies to make price correction from time to time. #Chidambaram #oil subsidy #FMSpeaks #Diesel deregulation
Additional oil subsidy done in view of difficult situation: FM

Dec 14, 2012

Additional oil subsidy done in view of difficult situation: FM

The government today justified its proposal for additional oil subsidy of Rs 28,500 crore, saying it was being done in view of "difficult situation" as members in the Lok Sabha attacked the move. #P. Chidambaram #Oil subsidies #TheySaidIt #OMC
Govt caps upstream oil cos' subsidy share at $56 per barrel

Oct 09, 2012

Govt caps upstream oil cos' subsidy share at $56 per barrel

In a decision that will clear air about fuel subsidy sharing, the government today said upstream firms like Oil and Natural Gas Corp's (ONGC) contribution to subsidising diesel and cooking fuels will be capped at $56 per barrel. #NewsTracker #ONGC #Diesel #oil companies #oil subsidy
Mr Kelkar, both Pranab and Chidu have been cooking the books

Sep 27, 2012

Mr Kelkar, both Pranab and Chidu have been cooking the books

Vijay Kelkar is appalled to see the huge gap between budget numbers and reality. The truth is both Chidambaram and Pranab have been pulling numbers out of a hat #Numbers #Oil subsidies #fiscal deficit #Vijay Kelkar
If these are economic reforms, I'm Amitabh Bachchan

Sep 21, 2012

If these are economic reforms, I'm Amitabh Bachchan

Too many ordinary changes are being dubbed as big ticket economic reforms by the pink business newspapers while what is needed is not being addressed. #Oil subsidies #Subsidies #FDI in multi-brand retail #EconomicReforms