Return of sanity in fuel pricing

The Union cabinet’s recent decision to allow oil marketing companies (OMCs) to increase diesel prices gradually is a welcome step although somewhat overdue. It still does not imply full deregulation of fuel prices, and increments will be gradual, around 50 paise per litre each month. It is, however, a meaningful market signal regarding the government’s intention to move towards market-based fuel pricing.

Read Full Story>>