Jan 30, 2013, 03.56 PM IST
Fuel subsidies are not really helping achieve the desired purpose and are mostly benefiting people having cars and motorcycles, a top official of Paris-based think tank OECD said today.
"Fossil fuel subsidies affect people who have cars, people who have motorcycles... So, in equity terms, fuel subsidies are not really doing what they are purported to be doing," OECD Deputy Secretary General Richard Boucher said.
He was talking about fuel subsidies in the context of inclusive economic growth.
India and many other countries provide subsidies on fossil fuels like diesel and kerosene.
"We should be removing fossil fuel subsidies in every country in the world," the World Bank President had said. He said for instance Tunisia was finding it difficult to limit fossil fuel subsidies.
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