India announces full deregulation of retail diesel prices

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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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    India announces full deregulation of retail diesel prices

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