You are here: Home » Budget » Ask an Expert » Oil and gas
Business Standard

Consumers will benefit up to 10% in near term in fuel costs: Deepak Mahurkar

Deepak Mahurkar, leader oil & gas, PwC India, answers queries on what the oil and gas sector can expect from Budget 2015

Deepak Mahurkar 

Deepak Mahurkar

What can salaried individuals expect from the for the sector?
- Sumit Bansal


Read our full coverage on Union Budget

Diesel and petrol price decontrol is expected to induce competition in fuel retailing. Consumers will benefit up to 10% in near term with combination of quantity and price check. Targeted LPG and kerosene subsidy will save the exchequer of hundreds of crores of rupees resulting into developmental spending with mid and long term benefits to common people.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 14 2015. 15:18 IST