Despite Historic Collapse In Global Oil Prices, Why Are Petrol, Diesel Prices In India The Highest They’ve Ever Been?

Global crude oil prices have fallen by nearly 10% in the past couple of months with the outbreak of the pandemic.  Yet India witnessed rising petrol and diesel prices. By January 2021, Delhi saw petrol prices at Rs 84.2 per litre. This comes at a time when global crude oil prices have plummeted.  How Are … Continue reading Despite Historic Collapse In Global Oil Prices, Why Are Petrol, Diesel Prices In India The Highest They’ve Ever Been?