{"id":22996,"date":"2025-08-12T11:18:42","date_gmt":"2025-08-12T11:18:42","guid":{"rendered":"https:\/\/lybclients.in\/irade\/?page_id=22996"},"modified":"2025-08-13T12:05:11","modified_gmt":"2025-08-13T12:05:11","slug":"assessing","status":"publish","type":"page","link":"https:\/\/lybclients.in\/irade\/assessing\/","title":{"rendered":"Assessing"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"22996\" class=\"elementor elementor-22996\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3dfe1ef e-flex e-con-boxed e-con e-parent\" data-id=\"3dfe1ef\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-65edf9d e-con-full e-flex e-con e-child\" data-id=\"65edf9d\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4c93bd3 elementor-widget elementor-widget-text-editor\" data-id=\"4c93bd3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Assessing the Impacts of Diesel Subsidy Reform since January 2013<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb447ba elementor-widget elementor-widget-text-editor\" data-id=\"fb447ba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Diesel accounted for 39.55% out of total petroleum products consumption in India in 2012-13 (Energy Statistics 2014). This makes diesel an important petroleum product whose consumption and pricing has major macro economic implications. The study \u201cAssessing the Impacts of Diesel subsidy reform since January 2013\u201d by IRADe critically evaluates how the diesel price reforms impacted the important stake holders in the economy. The annual diesel consumption shows a negative growth rate for the first time in last five decades in 2013-14. As per IRADe findings,\u00a0<em>decontrol<\/em>\u00a0<em>of diesel prices resulted in overall increase in WPI (Wholesale Price Index) inflation but it has turned out to be temporary in nature<\/em>. The elasticity of overall wholesale price inflation with respect to diesel price change is quite lower. The wholesale price of food is largely influenced by rainfall, seasonal impacts and market forces and diesel price change has a very small impact on it.\u00a0<em>IRADe\u2019s Analysis shows that the persistent CPI inflation is because of hike in food prices and not because of diesel prices.\u00a0<\/em>In the report we conclude that when CPI inflation is controlled, the RBI is likely to respond by reducing the real interest rate which will stimulate economic growth and reap the benefits of diesel reforms.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a1b89d elementor-widget elementor-widget-text-editor\" data-id=\"5a1b89d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This Project is supported by International Institute for Sustainable Development (IISD).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-315a5d2 elementor-align-left elementor-widget__width-inherit elementor-widget elementor-widget-button\" data-id=\"315a5d2\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjExOTMxIiwidG9nZ2xlIjpmYWxzZX0%3D\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download Report<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Assessing the Impacts of Diesel Subsidy Reform since January 2013 Diesel accounted for 39.55% out of total petroleum products consumption in India in 2012-13 (Energy Statistics 2014). This makes diesel an important petroleum product whose consumption and pricing has major macro economic implications. The study \u201cAssessing the Impacts of Diesel subsidy reform since January 2013\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-22996","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/lybclients.in\/irade\/wp-json\/wp\/v2\/pages\/22996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lybclients.in\/irade\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/lybclients.in\/irade\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/lybclients.in\/irade\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lybclients.in\/irade\/wp-json\/wp\/v2\/comments?post=22996"}],"version-history":[{"count":7,"href":"https:\/\/lybclients.in\/irade\/wp-json\/wp\/v2\/pages\/22996\/revisions"}],"predecessor-version":[{"id":23605,"href":"https:\/\/lybclients.in\/irade\/wp-json\/wp\/v2\/pages\/22996\/revisions\/23605"}],"wp:attachment":[{"href":"https:\/\/lybclients.in\/irade\/wp-json\/wp\/v2\/media?parent=22996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}