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Article: India: G20 puts pressure on India to phase out fuel subsidies over mid-term.
- Article from:
- TendersInfo
- Article date:
- October 1, 2009
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The G20 has large ambitions on energy security and climate change and its Pittsburgh communique binds members to phase out subsidies
on fossil fuels over the medium term. It also recognises that the poor might need subsidies to consume at least a minimal amount of energy and calls for cash transfers to target beneficiaries, while abandoning the policy of subsidising fuels in general.
This would bring pressure on India to abandon its present policy of subsidising kerosene and cooking gas and even diesel and petrol when their prices rise above what the government thinks is above the level of political tolerance.
The G20 leaders statement says, we ...