Chidambaram signals end to cheap fuel, says subsidy cannot go on

Subsidised auto and cooking fuel are definitely going to become passé, if Finance Minister P. Chidambaram’s statement on Wednesday is any indicator. “The current level of subsidy (on petroleum products) is not sustainable,” he said adding that the current pricing system of petroleum product is not conducive for economic policy decisions. The Minister was addressing the valedictory session of the biennial Petrotech Conference here.

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