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The document discusses reforming diesel prices in India. It notes that diesel constitutes 38% of petroleum product consumption but is heavily subsidized by the government, creating large losses for oil companies and burdening the government budget. While intended to help the poor, most of the subsidy benefits the rich. It also distorts fuel choices. The study models the impacts of several options to gradually increase diesel prices on inflation, interest rates, GDP and different consumer groups to inform th

Author

Aravindan Muthu

Language

EN