Budget 2012: Mukherjee says will have to address oil subsidy issue

The heavy subsidy burden India carries for petroleum products will have to be addressed, Finance Minister Pranab Mukherjee said on Friday.

March 16, 2012 / 15:27 IST

The heavy subsidy burden India carries for petroleum products will have to be addressed, Finance Minister Pranab Mukherjee said on Friday.

Mukherjee was speaking on television after presenting the country's budget for 2012-13 to the parliament.

In his budget speech, Mukherjee said he aimed to keep subsidies in Asia's third largest economy below 2% of gross domestic product for 2012-13.

first published: Mar 16, 2012 02:46 pm

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