The finance ministry has asked petroleum ministry to price motor and kitchen fuels at export parity. The directive, if accepted by the petroleum ministry, could reduce fuel prices by some 10% or more... more 

The finance ministry has asked petroleum ministry to price motor and kitchen fuels at export parity. The directive, if accepted by the petroleum ministry, could reduce fuel prices by some 10% or more and bring down the government's oil subsidy by Rs 18,000 crore. less