Explained: Petrol, diesel retail prices increased. What next? - Moneycontrol

Given that crude oil prices have gone up by about $38 a barrel since November, retail fuel prices are bound to rise, although the increases may be gradual and the entire burden may not be passed on to consumers.

Oil marketing companies increased retail prices of petrol and diesel on March 22 after they were unchanged for 137 days even as crude oil rose sharply. Petrol and diesel prices were raised by over 8… [+4525 chars]

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