Developing countries of Asia and Africa are coming under increasing pressure to balance their budgets by cutting fuel subsidies. Resource-rich states, too, are pressed to end subsidies as they distort markets. Proponents of alternate energies blame fuel subsidies for discouraging development of new products.
Copyright © 2012, The Daily Star. All rights reserved. Source: http://www.albawaba.com/business/ending-fuel-subsidies-good-and-bad-430396
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