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India Energy Subsidy Briefing October 2014 (PDF - 814 KB)

As part of its work on energy policy and sustainable development in India, the Global Subsidies Initiative publishes a regular briefing on issues related to energy subsidies.

The October 2014 edition includes: 

• Diesel price reform and lower international crude prices have reversed the losses that downstream oil companies have historically incurred on the sale of diesel. However the Modi Government has yet to decide on whether to deregulate diesel prices entirely. Higher diesel prices have also affected the sales of diesel vehicles, which have fallen significantly as a result of the falling price differential between diesel and petrol. 
   
• The Modi government has again deferred the decision on natural gas price reform until 15 November 2014. The government has cited the elections in the states of Haryana and Maharashtra as the reason for the delay.
   
• A new banking scheme has been announced which aims to create bank accounts for every household in India. The scheme is designed to boost the effectiveness of social protection measures and may soon encourage the direct (and more targeted) transfer of energy subsidy payments to household beneficiaries. 

For any additional or more detailed information, please do not hesitate to contact Kieran Clarke, kclarke@iisd.org.