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Fuel Subsidy

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Fuel Subsidy
A program in which a government or other organization pays for a portion of gasoline, heating oil, or some other fuel. Fuel subsidies tend to be politically popular, especially when the market price of fuel climbs. However, they have caused unsustainable financial problems in some countries in which they have been implemented.


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The company said its fuel subsidy burden slid to 26.
India's biggest oil producer reported Thursday a surprise six percent drop in quarterly profit after its fuel subsidy burden tripled.
LONDON -- World oil demand will rise at its slowest pace in six years during 2008 as a raft of fuel subsidy cuts in Asia erodes consumption, the International Energy Agency (IEA) said yesterday.
 
 
 
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