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Vol. VIII Issue. 49
Montek Ahluwalia feels govt should raise petroleum prices

22 May 2012

May 21, 2012. Dismissing the perception of policy paralysis surrounding the union government, Planning Commission Deputy Chairman Montek Singh Ahluwalia feels the government should raise petroleum prices as part of tough decisions and to attract international investment. He feels people must be educated on the importance of raising fuel prices so that petroleum sector does not go bankrupt. He was asked whether the government would be willing to take tough decisions to put its economy on the path of high growth. He underlined the need for restoration of fiscal credibility, action on the underpriced petroleum products and taking care of implementation bottlenecks in infrastructure projects as being measures that should be very high on the government's agenda. Ahluwalia said the view in the Planning Commission on fuel subsidies is very clear that "fuel prices just have to be adjusted. Ahluwalia said people must be educated on the importance of raising fuel prices.

      
 
 
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