India’s decision to reduce retail fuel prices may have raised questions on whether New Delhi would resort to similar cuts often as general elections draw near, but delegates attending the India Energy Forum by CERAWeek said the move does not dilute the direction of the country’s energy policy reforms. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The twin blow from rising crude prices and weakening domestic currency prompted India earlier this month to cut retail fuel prices for the first time since aligning them with the global market a year earlier. Although the move brings additional fiscal burden, delegates said that it’s an effort by the government to give some kind of interim relief to consumers. “The process of energy sector reforms in India is irreversible. The price cut by the government is the best step taking into account the market situation,” […]