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India should not push its oil market liberalization too far

It is unwise to give foreign companies easy entry into fuel retailing

| India
India's oil use is expected to double over the next two decades.   © Reuters

Prime Minister Narendra Modi's government, in its pursuit of economic reforms, is looking to remove the entry barriers for foreign companies to sell transportation fuels in India's lucrative market. This may be a step too far -- and possibly even detrimental to the domestic oil refiners and marketers.

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