To align with global prices and curb energy subsidies

Prime Minister Manmohan Singh on Monday reiterated his position of “phased rationalisation of energy prices to bring them in line with global prices” for “meeting the target of rapid, inclusive and sustainable development” and curbing energy subsidies. Speaking at the foundation laying ceremony of integrated refinery expansion project of Bharat Petroleum Corporation Ltd. (BPCL) here, Dr. Singh recalled his speech at the National Development Council meeting in New Delhi in which he hinted about the pricing of energy.