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Synergy in energy

Oil prices are increasing rapidly while we have been debating dismantling of the administered pricing mechanism ad nauseum. Paradoxically, even a private company like Reliance has been asked to share in meeting the subsidy burden! On closer analysis, however, this may not be completely unjustified given that the petroleum product pricing regime, based on a flawed import parity pricing formula, allows refiners huge margins. Full Text

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