• 29
    Mar
    2016

    Indian ramps up fossil fuel spend amid welfare cuts

    Climate HomeIndian ramps up fossil fuel spend amid welfare cutsClimate HomeThis was supposed to spare the OMCs the burden of any subsidy costs if the crude oil price each quarter averaged less than USD 60 a barrel. Only when prices went beyond USD 60 a barrel were they to bear 85% of the incremental cost above USD 60, ...

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