at the beginning of it grasped the opportunity offered by falling world oil prices to scrap its existing petrol and diesel pricesetting regime in india it is estimated that the implicit subsidy on oil is seven times higher for the richest of households than the poorest oecd g and yet reform often faces public resistance greening infrastructure is required to avoid technology lockin over the long term for example a coalfired power station that comes on line today is likely to last years locking in local impacts from air pollution and greenhouse gas emissions for decades to come unless its economic life is prematurely curtailed corfeemorlot et al