FinMin for export pricing of fuel to save subsidy bill
The situation is not the same in the case of petrol, where the customs duty impact of Rs 1.03 per litre is passed on to the consumers and so does not add to under-recoveries.
* Finance ministry plans to remove import tax on petrol and diesel since it adds to under-recoveries of oil marketing firms without bringing any revenue
* Instead, the ministry plans to move to an export parity pricing regime, which would lower the fuel subsidy burden
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