Employees worked on a 132kv overhead electricity line along the Sarkhej-Gandhinagar Highway in Ahmedabad, Gujarat. Agence France-Presse/Getty Images Fuel and power companies want India ’s new government to use this week’s budget to prove it is ready to start dismantling the system of government pricing and subsidies which has hobbled the energy industry. India’s convoluted system of taxes and fuel subsidies not only cost the country tens of billions of dollars every year, but it also discourages and delays expansion in the companies that provide fuel and power to the public. Oil and gas retailers and exploration companies are hoping the government of Prime Minister Narendra Modi will use the momentum following a landslide victory in May elections to deregulate the price of diesel fuel and push through other unpopular policy changes. With companies often forced to sell at a loss, there are few incentives to explore […]