The finance ministry has decided to impose additional excise duties on petroleum products after dismantling of the administered pricing mechanism (APM) on March 31, 2002, to provide for subsidies on kerosene to be sold through the public distribution system (PDS) and domestic liquefied petroleum gas (LPG).
Since the subsidies will be borne by the general budget once the APM is dismantled, CM Vasudev in his capacity as expenditure secretary, had suggested that the
