deregulation of fuel prices to some extent is gonna reduce underecoveries of oil companies.It will bring mild relief to companies engage in selling of fuel as only price of petrol has been decontrolled by govt and diesel which forms a greater chunk of sale is still price-administered by govt.No doubt this step would slightly tame bourgeoning govt's subsidy bill.
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deregulation of fuel prices to some extent is gonna reduce underecoveries of oil companies.It will bring mild relief to companies engage in selling of fuel as only price of petrol has been decontrolled by govt and diesel which forms a greater chunk of sale is still price-administered by govt.No doubt this step would slightly tame bourgeoning govt's subsidy bill.
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