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Will petrol prices ever come down, asks Madan Sabnavis Fuel products have a distinct inflationary impact and are today being driven by the government, not by crude prices One fallout of the lockdown was that the revenues of the government were affected, as lower economic activity impacted income and spending. The response of the government was to focus on fuel products for additional revenue, as these were out of the purview of the GST. This meant increasing the taxes at both the Central and state levels, leading to abnormal prices of the final products. While the justification is that these products are used by the rich, the argument is specious, as it affects everyone’s daily commute and also adds to the cost of all goods which tend to be transported by vehicles that use diesel. Hence, the impact is quite comprehensive.

Fuel pricesState leviesInternational crude pricesInflationary impactஎரிபொருள் ப்ரைஸஸ்சர்வதேச கச்சா ப்ரைஸஸ்