DISCUSSION BOARD

Ashish Suman

From Regulation To Deregulation - Diesel Pricing
The traces of deregulation of diesel prices could be seen as early as 2002, however, Administered pricing regime, made a back-door entry towards the end of the first quarter of 2004 when crude prices started creeping up. Now the deregulation of diesel prices has been made effective...

Tom James

Just Who Is Buying Up Essar Oil And What Does It Mean?
In October of last year, the billionaire Ruia brothers inked in a deal to sell a 98% stake in Essar Oil in an effort to draw down the debt pile of Essar Group. The consortium of buyers for India’s fifth largest oil and gas company1 consists of Russia’s largest oil producer...

Jayati Mukherjee

Changing Oil Market Dynamics - A Call For Asian Benchmarks
Constantly emerging new developments in the global oil economy have assured that crude oil prices never remains out of the market headlines. Strong oil demand growth in emerging economies, U.S. self-sufficiency...

INTERVIEW

Ms. Katie Cook,

Sr. Vice President

Cyient

Mr. Alok Raj Gupta,

Founder & CEO

ENVECOLOGIC

Mr. Hussain Tinwala,

President

ASKO Oil and Gas Simulators

Mr. Shirishchandra Shah

COO

Linde Engineering

QUOTE

Deregulation has heavily impacted the Indian economy as diesel constitutes about 40% of the total consumption of petroleum products in India and is consumed majorly as an intermediate product affecting the prices of other goods and services. The fluctuations in diesel prices affect the sectoral consumers including farmers and have the direct bearing on food prices. Diesel price reduction helps reduce inflation as the use of diesel is linked to major sectors of the Indian economy, primarily agriculture sector (which contributes to about 17% to India’s GDP) and transportation sector. The reduction in inflation also enhances the purchasing power of the consumers and results in the currency rate cut increasing demand in the market. - Mr. Ashish Suman, Partner, J. Sagar Associates
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