Photo: ReutersNew Delhi: BP’s group chief executive officer Bob Dudley on Monday expressed confidence that there won’t be a return of state control on fuel pricing in India and said that issues such as gas migration dispute “probably slowed down” its investments here. I am very open about my views on this,” Dudley said at a press conference at the India Energy Forum by CERAWeek. Dudley also expressed confidence about no return of fuel price control. The government’s decision has also raised questions about its commitment to keep fuel prices outside its control. The effective reversal of fuel price deregulation will also constrain future private sector investments in the sector.

Source: Mint October 16, 2018 03:56 UTC