MUMBAI – After six years of regulated fuel prices, India’s government finally is linking domestic gasoline pricing to the cost of crude oil. Diesel prices will continue to be partially regulated for now, but eventually they will pace the cost of crude, as well. This means heavily subsidized Indian fuel prices of the past now will reflect market volatility, and the trend is upward. The new cost structure is expected to change consumer demand at the country’s 40,000 pumps that sell ...

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