BBC quotes Takshashila’s Nitin Pai

BBC quotes Takshashila’s Nitin Pai on India considering a proposal to shut fuel pumps at night as a way to cut its oil import bill.

India considers night-time fuel pump shutdown

“These fuel subsidies usually go the segment of the population that is not needy,” said Nitin Pai, director of Takshashila Institution, a Bangalore-based independent think tank.

“The primary reason they are being continued is to prevent an outcry in the country and keep the middle class happy.

“Instead of running around and coming up with the short-term solutions like shutting down pumps at night – the government needs to bite the bullet and lift all unnecessary subsidies,” he added.