Oil Ministry trying to link Indian crude basket with retail price.
New Delhi: Network 18 has learnt that there may not be complete deregulation of retail auto fuel prices.
Crude price slabs will benchmark retail prices and under-recoveries.
Meanwhile, the Oil Ministry is trying to work on a mechanism linking the Indian crude basket with the retail price of auto fuels.
The slabs of crude prices could be in the range of $40-$50, $50-$60 or $60-$70.
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