Rubik s Cube Of Petrol, Diesel Pricing
Crowded Petrol Station (Photo by Mujeeb Faruqui/Hindustan Times via Getty Images)
Snapshot
Explained thus is why fuel prices are rising in India and why it is not in the government s interest to reduce taxes on petroleum products.
The steady rise in petrol and diesel prices with the petrol retail price crossing Rs 100 in some cities has put the spotlight again on a recurrent subject.
This beckons an attempt to marshal some relevant facts.
India is the third biggest energy consumer after China (about four times Indiaâs consumption) and USA (about 2.5 times Indiaâs consumption) consuming about 6 per cent of all countiesâ energy consumption.