India's infrastructure spending plan will offer some support to the petroleum coke and coal markets, but a lack of clarity on projects and a cut in the country's LNG tax may limit the positive effects. The budget also did not mention a new tax, or cess, on petroleum coke that many had anticipated. This will keep coke at a competitive advantage to coal, which is subject to a 400 rupee/t ($5.94/t) cess.
展开▼
