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Evading Diesel Subsidies : A Long term Business Proposition or Once Again Make Shift Adjustment

News

Ending diesel subsidies have given a level playing field to compete the state-owned retailers.Reliance Industries plans to fully resume its petrol pump network by March next year.

Source: ET

SNP Insights

The government's decision of evading fuel subsidies from next fiscal has undoubetdly sparked the long lost market sentiments for fuel retailing in India. But, it lies in the lap of future to witness that whether this step would actually provide a level playing field to the private players or once again it would put pressures on their account books, by them being drowned till toes by entering into the deep waters of fuel retail market.

Source: SNP Infra