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Slower growth, higher prices or more subsidies: Asia's oil-related trilemma

Updated : May 25, 2018 11:24 AM IST

In India, domestic demand has been weaker than in the Philippines after the implementation of a goods and services tax and the removal of large banknotes from circulation, and some companies are unable to raise prices.
This week, the Federation of Indian Chambers of Commerce and Industry demanded the government of Prime Minister Narendra Modi, who bids for re-election next year, cut excise duties on fuel as businesses were feeling the pinch.
Slower growth, higher prices or more subsidies: Asia's oil-related trilemma

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