Bullet or pellet?

So the government has finally bitten the bullet on petroproduct prices. But is it a bullet or a pellet?
The increase still leaves a huge uncovered gap, despite duty cuts on crude and diesel. The Oil companies will still have a revenue gap of Rs 1350 billion orso. Off balance sheet of course, so nominal fiscal deficit will stay at 2.5 per cent, while the real deficit will be closer to 7% of GDP!