Tags: 'post APM: allocation from budget',
'allocation inadequate/ hence losses',
'scenario similar to 'concession on 'decontrolled' fertilizers',
'govt can't have concession & price of its choice',
'decide concession but/ make price flexible',
'why subsidize LPG & kerosene at all?',
'cascading effect of taxes & duties',
Administered price mechanism (APM): dismantled on April 1/ 2002',
'losses of oil companies',
'under APM: losses on LPG/ kerosene cross-subsidized by petrol/ naphtha et al',
'Oil pool account (OPA): self-sustaining'