Excise Duty Cut, OMCs Bleed | Fuel Deregulation A Myth? | India Development Debate

Описание: All is not well for oil marketing companies. Ever since Modi govt asked the state-owned OMCs to cut petrol and diesel prices by Rs1/litre, investors have been dumping oil stocks. Such is the damage that OMCs have collectively lost over 1.25 lakh crore in their market value in just two trading sessions. Investors fear that by prodding OMCs to cut prices, the govt may have brought back the APM regime, although FM Jaitley vehemently denies any such move. With no signs of a big correction in crude prices in sight, looks like oil reforms may have become the first casualty in the run-up to the Lok Sabha polls next year, and that's what Supriya Shrinate is discussing on this India Development Debate.

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