"No rational basis for fuel price hike"
Channel: NewsClickin
Date: 2011-07-16

Surya Sethi questions the rationale for the fuel price hike recently for essential petroleum products. He explains why the logic of "rising underrecoveries" is flawed, and that the energy sector in India is not "net subsidised" as is widely reported as an excuse for the hikes and asks the government to be sensitive to the needs of poor Indians.