The government’s plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh-crore revenue loss is expected at the current levels of global crude oil prices and domestic retail prices of controlled products.
Non-revision of diesel, LPG and kerosene prices, firm crude oil prices and a weak rupee may combine to foil Finance Minister Pranab Mukherjee's subsidy-reduction plans.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/rs-2-lakh-crore-oil-losses-next-year-may-play-havoc-govt-plans
[2] http://admin.indiaenvironmentportal.org.in/category/author/ajay-modi
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/budget
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/diesel
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/lpg
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/indian-oil-corporation-ioc
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-and-natural-gas-corporation-ongc
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/bharat-petroleum-corporation-bpcl
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/hindustan-petroleum-corporation-hpcl
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/kerosene
[14] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy