India’s Fuel Pricing Policy : Analysis – UPSC GS3
Fuel pricing policy in India: India’s fuel pricing regime has evolved over the years. In 1995-96, the government thought of moving from an administered price mechanism on a cost-plus basis to market-determined consumer prices for petrol, diesel and other fuels. Based on the Nirmal Singh Committee recommendations full dismantling of oil prices was announced in 2002. As …
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