ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Analysing the Parikh Committee Report on Pricing of Petroleum Products

The Parikh Committee's recommendations on pricing of petroleum products are bad for the country and worse for the aam aadmi. The committee's recommendations do not address the problems of petroleum pricing in their entirety and appear to be driven by the desire to give private sector refiners, originally set up for export of products, an entry into the domestic market under the garb of liberalising price of petrol and diesel. The petroleum sector in India needs tax rationalisation and not tax increases. The high incidence of taxes on the petroleum sector, relative to the gross domestic product, has a negative impact on issues such as access to energy services and development.

BUDGET 2010

Analysing the Parikh Committee Report on Pricing of Petroleum Products

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