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How will fuel price deregulation affect Indian consumers?

How will fuel price deregulation affect Indian consumers?
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First Published: Sat, Feb 13 2010. 01 47 PM IST
Updated: Sat, Feb 13 2010. 01 47 PM IST
Last week, a report from the Kirit Parikh panel recommended that the prices of petroleum and petroleum fuels be deregulated, which ignited a huge blaze of debate. But what if, to take a hypothetical scenario, the government allows that to happen?
What would we need to pay for petrol and diesel and kerosene if their prices were allowed to float free and fluctuate according to world market trends? And more importantly, what immediate impact would that have? Our guest on the show today is Sakshi Marwah, a senior consultant with the Oil and Gas Industry Practices division at Price Waterhouse Coopers.
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First Published: Sat, Feb 13 2010. 01 47 PM IST