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The Integration of the Indian Oil Industry with the World Oil Market — A Macroeconomic Pricing Aspect

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  • Debesh C Patra

Abstract

The integration of the government owned Indian oil market with the world market marks a turning point in the industry. The era of Administered Prices brought stability; but the policy of liberalization and the need for funds makes the entry of the private sector inevitable and controlled prices impractical. Integration, however, involves risks and requires various known risk management arrangements.

Suggested Citation

  • Debesh C Patra, 1999. "The Integration of the Indian Oil Industry with the World Oil Market — A Macroeconomic Pricing Aspect," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 24(3), pages 198-207, July.
    • Handle: RePEc:sae:manlab:v:24:y:1999:i:3:p:198-207
    DOI: 10.1177/0258042X9902400305
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    References listed on IDEAS

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    1. Baddour, J. W., 1997. "The international petroleum industry : Competition, structural change and allocation of oil surplus," Energy Policy, Elsevier, vol. 25(2), pages 143-157, February.
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