India eyes price stabilization fund for petrol, diesel, LPG
The fund would operate like the PSF for agri commodities, which allows the government to procure goods from farmers, farmer producer organisations and, sometimes, directly from mandis at the time of harvest under contract, and release them in both retail and wholesale markets during periods of crisis. For the ongoing fiscal, the government has allocated ₹4,100 crore under the PSF to the ministry of consumer affairs.
