The government should adopt the practice of dual pricing of diesel, says CII. The farm use of the fuel should continue to be subsidized whereas its non-farm use should have a minimum subsidy. Further, the huge subsidy on the price of cooking LPG in the urban areas should be phased out.
The chamber however, is in favour of continuing with kerosene subsidy as it is the poor man’s fuel. CII is also of the opinion that the hike in prices of petrol is steep and is unlikely to resolve the issue of the large subsidy bill. However there is an urgent need to address the issue.
The PHD chamber on the other hand has criticized the hike stating that it is likely to have an inflationary impact on the economy. It has further observed that even though crude oil prices have fallen considerably in the past few weeks, their effect has been nullified with the depreciation in the rupee.
The chamber is also of the opinion that the government should initiate policies that encourage investment and attract foreign capital inflows in the economy. Efforts should also be made to stabilize the falling rupee.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: