The Indian government may lift controls on diesel pricing in a phased manner, instead of in one go, to cushion any blow on the poor, the oil ministry said yesterday.
In June, India ended controls on petrol prices and raised prices of diesel, cooking gas and kerosene. It also said diesel prices will eventually be freed to boost public finances and open up a sector long dominated by state-run firms.
Raising diesel prices immediately or lifting pricing controls would stoke inflationary pressures.