‘Rules of the energy game have changed, oil market is rebalancing … Buyers hold the dice today, not sellers’


‘Rules of the energy game have changed, oil market is rebalancing … Buyers hold the dice today, not sellers’

Why is the government keen to sell its stake in Bharat Petroleum, the country’s second-largest public sector refiner?

The government has no business to be in business. When the prime minister says that, it is not a slogan. It is the party’s [BJP’s] philosophy. We believe in it. This democracy is committed to the welfare of the common man. We have to create ease of living through open systems based on transparent and convenient regulations. End product is important. What is important is that businesses run efficiently and transparently, not who runs them. Which model offers the most affordable price to consumers: competition or a high-cost model? In a democracy we have to establish a transparent, process-driven system for business. We have to infuse efficiency, competence and technology. Read More

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