India is the third largest importer of oil. More than 80% of its oil requirement is imported each year. Hence, it’s one of the most vulnerable economies to surge in oil price.... Read more »
The Finance Ministry on 23rd April 2018– regarding the hike in petrol and diesel prices has stated that the center is not in favor of slashing the excise duty on fuel. An unnamed... Read more »
Some time ago, the Indian government launched a pilot program in five cities. Under this pilot program, the government wanted to see the viability of changing the prices of petrol and diesel... Read more »
Do you also wonder why in this world, petrol prices are so much higher in India compared to most of the countries on our planet? Do you know the fundamentals of how... Read more »