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Firm prices will boost the viability of renewable energy alternatives: Our country is a repository of several kinds of resources that can be tapped

While India has been significantly dependent on oil imports for several years, the government followed a system of pooling the prices of domestically produced crude (highly subsidised) with imported crude, thereby providing a significant price protection to consumers. Combined with further product subsidies, the final oil price to consumers was significantly lower than equivalent border prices. Full Text

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