Business

India fuel reform puts diesel under market control

By Katy Daigle
Published October 19, 2014 1:50pm ET
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India fuel reform puts diesel under market control
A man fills diesel in a car at a fuel station in New Delhi, India, Sunday, Oct. 19, 2014. India freed diesel prices from government control Sunday while raising natural gas tariffs in the biggest-yet reform by Prime Minister Narendra Modi's government, as it aims to boost the country's economy and overhaul its energy sector.(AP Photo/Tsering Topgyal) | Tsering Topgyal

NEW DELHI (AP) — India freed diesel prices from government control Sunday while raising natural gas tariffs in the biggest-yet reform by Prime Minister Narendra Modi’s government, as it aims to boost the country’s economy and overhaul its energy sector.

The decision on diesel targets one of India’s costliest subsidies for one of the world’s dirtiest fuels.

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