Gasoline and diesel usage and pricing Current Affairs, GK & News

RBI’s State of the Economy Report

The Reserve Bank of India has recently published its State of the Economy Report. The report highlights that, the Indian state refiners’ daily gasoline sales in February 2021 have increased from 1.5% from the year 2020. According to the report, this is the slowest pace of growth in the six months as record-high retail prices ..

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Kelkar Committe report made public

The Kelkar’s committee’s recommendations were made public by the government for an informal debate by the stakeholders. The committee has suggested bold reform measures.  Kelkar Committe: A 3-member committee headed by the former Finance Secretary and 13th Finance Commission Chairman, Vijay L. Kelkar. Members: a) Vijay L. Kelkar b) Indira Rajaram and c) Sanjiv Mishra ..

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Political economy of petroleum prices in India – Sailaja Akkem

Pricing of Petroleum in India: The history of pricing of petroleum in India dates back to 1920’s. During the colonial period, the pricing of petroleum was free from Government intervention and was determined mainly by the market forces. After the Second World War, the Government started to regulate the pricing the petroleum products. As a ..

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Govt gives in-principle nod to free diesel prices

Minister of State for Finance, Namo Narain Meena held that the government has taken an in-principle decision to link diesel prices with market rates. Yet, there is no proposal currently to completely deregulate cooking gas price. He also opined that the government continues to fix the price of diesel in order to protect the common ..

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