Oil and gas retailing: Changes to pivot around individual consumer


While both policies pivot around giving a new deal to individuals & households, they change the way they look at this set of consumers: from buyers of products at subsidised prices to buyers of products at marketlinked prices.While both policies pivot around giving a new deal to individuals & households, they change the way they look at this set of consumers: from buyers of products at subsidised prices to buyers of products at marketlinked prices. 

In two policy changes, one that is currently unravelling and another that is done, resides a promise to change the face of oil and gas retailing in India.

While both pivot around giving a new deal to individuals and households, they change the way they look at this set of consumers: from buyers of products at subsidised prices to buyers of products at market-linked prices.

It’s a reset in engagement that demands appropriately higher service standards, and those are expected to follow.
Oil retailing

In oil retailing, the lever of change is the subtle, yet substantial, way that fuel prices are being marked to market. Petrol prices were decontrolled in June 2010. And prices of diesel – a fuel that is still heavily subsidised and ends up distorting the market — are steadily approaching market rates.

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SOURCE: http://economictimes.indiatimes.com/

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