Petroleum Prices, Taxation and Subsidies in India

Petroleum Prices, Taxation and Subsidies in India
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Edition: 2009
13 pages

The views expressed in this Paper are those of the author(s) and do not necessarily reflect the views or policy of the International Energy Agency or of its individual member countries. 

The current Indian system of effectively subsidised petroleum product prices has significant implications for the emergence of India as a major global energy consumer, for the integrity of India’s Central Government budget and for investment in India’s growing oil and petroleum sector. This paper is part one of a broader study that looks at the current system of petroleum pricing and the macroeconomic, microeconomic, regional and global effects of this system.