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Deregulation of petroleum product prices: the case of India

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  • Subhes C Bhattacharyya

Abstract

Deregulation of petroleum product prices has been considered for quite some time in India. Such a policy is compatible with the idea of a liberalized economy and reduced government intervention. However, little progress has been made so far, due to various issues that loom over the deregulation process. This paper analyses issues related to deregulation of petroleum product prices, clarifies certain conceptions or misconceptions, and studies the options available for a deregulated price environment. It is argued that the equity and environmental effects of kerosene use need to be borne in mind, and a simple cross‐subsidy system to this effect is proposed. For all other products, a deregulated system with some safeguards may be feasible. The success of any such attempt, however, needs some institutional rearrangements.

Suggested Citation

  • Subhes C Bhattacharyya, 1996. "Deregulation of petroleum product prices: the case of India," Natural Resources Forum, Blackwell Publishing, vol. 20(4), pages 281-291, November.
    • Handle: RePEc:wly:natres:v:20:y:1996:i:4:p:281-291
    DOI: 10.1111/j.1477-8947.1996.tb00661.x
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    Cited by:

    1. Muhammad Irshad & Mudasser Ali Khan & Ather Akhlaq & Munir Hussain, 2022. "Strategies to Deregulate the Downstream Petroleum Sector of Pakistan," Journal of Economic Impact, Science Impact Publishers, vol. 4(1), pages 122-131.
    2. V. S. Ailawadi & Subhes C. Bhattacharyya, 2006. "Access to energy services by the poor in India: Current situation and need for alternative strategies," Natural Resources Forum, Blackwell Publishing, vol. 30(1), pages 2-14, February.

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