Diesel Subsidies

Why taxing diesel cars is worse than raising diesel prices

The remedy for the increasing dieselisation of cars is not a higher tax on diesel cars. We should raise diesel prices and lower petrol.

It's time to eliminate diesel subsidies : Raghuram Rajan tells Centre

Reserve Bank governor on Monday said it is time to eliminate diesel subsidies completely. However, he cautioned that geopolitical risks - Ukraine and Middle East - continue to remain and these low crude prices may be a temporary phenomenon.

Diesel subsidy will be wiped out if global oil prices hold: Arvind Mayaram

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.<br />

Falling crude prices set stage for big-bang fuel price deregulation in Oct-Dec quarter

With Brent crude easing up globally, and if the Modi government's luck holds till winter, the next quarter could see substantial fuel price deregulation and reduction in subsidies.