There is a case for substantial duty reduction on fuel: Deora
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30/05/2008
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Economic Times (New Delhi)
Bonds & Raising Prices Too On Agenda GLOBAL oil prices have been northward-bound for a while now. Even as countries debate over price hikes, increased subsidies and demand management, India is still trying to find the right strategy to deal with the oil crisis. While sharp increases in retail prices may not be acceptable politically, huge subsidy bills are putting immense pressure on the fisc. The petroleum minister's job is not an easy one. Rajeev Jayaswal and Soma Banerjee caught up with Mr Murli Deora as he was preparing for yet another round of meetings with Prime Minister Manmohan Singh, "It's a difficult task