<div>Finance Secretary Arvind Mayaram said on Thursday (21 August) he hoped diesel subsidy would be wiped out soon and prices would become market-determined if current global oil prices hold.<br /><br />India regulates prices of diesel, liquefied petroleum gas, and kerosene to keep them in check for the masses.<br /><br />Brent crude oil slipped below $102 a barrel on Thursday, near a 14-month low, on evidence of plentiful fuel supplies and Chinese economic data pointing to slowing demand.<br /><br />(Reuters)<br /><br /> </div>
