The Hindu·3 min read·medium
India may charge gas users to fund planned $42 billion fuel reserves, sources say
R
Reuters
✦AI Summary
The Indian government is considering a new levy on cooking and natural gas consumers to fund a $42 billion strategic fuel reserve. This initiative aims to mitigate supply chain vulnerabilities exposed by recent geopolitical conflicts.
India may impose a charge on cooking gas and natural gas on consumers to help fund a planned $42 billion strategic fuel reserve, according to two sources with direct knowledge of the matter, after disruptions from the Iran war exposed supply chain vulnerabilities.
economypolitics
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