India fails to bite the bullet to cut fuel demand


  • World
  • Tuesday, 24 Sep 2013

A worker fills a car with diesel at a fuel station in Jammu August 29, 2013. REUTERS/Mukesh Gupta

NEW DELHI (Reuters) - India's oil minister shied away from introducing comprehensive energy subsidy cuts on Tuesday, instead calling on his countrymen to embrace car pooling, buses and cycling as well as staggered working hours in a bid to curb fuel consumption.

The struggling Asian economy - the world's fourth-largest user of energy - is battling a weak rupee that has increased the price of oil products as economic growth has halved to 4.4 percent from the 8-9 percent seen in the boom years.

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