This also undid the idea of deregulation, carried out in 2010 so that fuel prices would rise and fall with the price of crude. They no longer fell. When crude rose, the cost was passed to the consumer, when it fell, the government took in more. The price of fuel had been deregulated because the consumer was protected by the government each time the price of crude rose and the state-run oil companies took a hit. The opposite has happened under Modi: now the government is protected and the logic of deregulation is undone.
