New Delhi, April 15 -- The government is exploring the creation of a price stabilisation fund for petrol, diesel and LPG to cushion consumers and the economy from sharp fluctuations in global energy prices triggered by the ongoing West Asia conflict.
The proposed mechanism is aimed at insulating domestic fuel prices from global volatility by creating a financial buffer that can be deployed during periods of supply disruption or price spikes.
Notably, Finance Minister Nirmala Sitharaman while speaking in Parliament recently proposed to create an Economic Stabilization Fund (ESF) of about Rs 57,000 crore to shield the economy from external shocks like the ongoing West Asia crisis..
Modelled on Existing Stabilisation Framework
The fun...