Under Recovery

Historic low: Diesel under-recovery declines steeply to 8p/l, deregulation imminent

Under-recovery or the gap between retail selling price and the cost of import has dipped to 8 paisa a litre, helped by the monthly increases and softening in international oil rates

Budget 2014: How Modi, Jaitley can 're-energise' India

From diesel to kerosene to cooking gas, the benefits of rationalizing energy subsidies are plenty. Prices will tick up in some items, but there will be a massive lessening of fiscal pressures, lowering generalized inflation.