‘No reverting to subsidy in fuel, may cut excise if price pinches’

NEW DELHI: The government may pare excise duty on motor fuel if price rise “pinches hard”, but will not revert to the subsidy regime, oil minister Dharmendra Pradhan said on Monday . “There will be no subsidy regime in petrol and diesel…Petrol price was deregulated in June 2010 and diesel in October 2014 and the same will continue… subsidies are anti-poor.