Global oil prices at 6-month low, but why petrol & diesel prices are not declining in India? - Economic Times

At one point, they were losing Rs 20-25 per litre on diesel and Rs 14-18 a litre on petrol as international oil prices soared. These losses have been trimmed with the fall in oil prices. There are no under-recovery (losses) on petrol now. For diesel, it will…

Global crude oil prices have declined to a six-month low, but the domestic retail prices for petrol and diesel have registered no such changes. This may be because Indian fuel retailers have breakeve… [+3491 chars]

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