ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Pricing of Oil Products-Its Economic Consequences

Its Economic Consequences Biplab Dasgupta Adherence to the outdated formula of fixing oil prices on the basis of Persian Gulf import parity is producing a number of serious economic consequences, particularly because the country's demand for oil products is now largely fulfilled by domestic refineries at prices which bear little relationship with the pattern and location of the domestic market.

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