<p>"It is an exceptionally bad idea to continue with energy subsidies...which means that energy prices would be lower and never go up again," Ahluwalia said, while releasing a report on 'Post-Crisis Growth in Developing Countries', by the Commission on Growth and Development in which he is a member.<br /><br />"I cannot say we have dealt with that (energy subsidies) but I can say that we are facing that issue very squarely," Montek said adding, "it would be a bad idea to continue with energy subsidies on the assumption that commodities prices will not rebound after crisis," Montek, who contributed to report said.<br /><br />Recently, Ahluwalia had said decontrolling fuel prices will not flare up inflation, but rather it will soften generalised rise in prices. "Decontrolling fuel prices will not flare up inflation. I just think it is not sustainable to have prices those are not line with the world prices," he had said</p>
<p>"It is an exceptionally bad idea to continue with energy subsidies...which means that energy prices would be lower and never go up again," Ahluwalia said, while releasing a report on 'Post-Crisis Growth in Developing Countries', by the Commission on Growth and Development in which he is a member.<br /><br />"I cannot say we have dealt with that (energy subsidies) but I can say that we are facing that issue very squarely," Montek said adding, "it would be a bad idea to continue with energy subsidies on the assumption that commodities prices will not rebound after crisis," Montek, who contributed to report said.<br /><br />Recently, Ahluwalia had said decontrolling fuel prices will not flare up inflation, but rather it will soften generalised rise in prices. "Decontrolling fuel prices will not flare up inflation. I just think it is not sustainable to have prices those are not line with the world prices," he had said</p>