Sponsored by

Diesel subsidies could end if global oil prices hold: Mayaram

New Delhi: Finance Secretary Arvind Mayaram said on Thursday he hoped diesel subsidy would be wiped out soon and prices would become market-determined if current global oil prices hold.

India regulates prices of diesel, liquefied petroleum gas, and kerosene to keep them in check for the masses.

Brent crude oil slipped below $102 a barrel on Thursday, near a 14-month low, on evidence of plentiful fuel supplies and Chinese economic data pointing to slowing demand.

Reuters

Your guide to the latest election news, analysis, commentary, live updates and schedule for Lok Sabha Elections 2019 on firstpost.com/elections. Follow us on Twitter and Instagram or like our Facebook page for updates from all 543 constituencies for the upcoming general elections.

Updated Date: Aug 21, 2014 15:50:08 IST

Also See