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India announces full deregulation of retail diesel prices

India announces full deregulation of retail diesel prices

Report summary

India has liberalised diesel prices at retail level for all consumers. The policy change marks the conclusion of a two-year long period of gradual retail diesel price hikes to reach international price parity. A deregulated downstream market will encourage private refiners like Essar and Reliance to invest in the retail sector. Amid easing crude import costs, Indian consumers will benefit from a prompt linkage to international prices.

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