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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 India’s consumption) and USA (about 2.5 times India’s consumption) consuming about 6 per cent of all counties’ energy consumption.

Saudi arabiaUnited statesJuan pabloOrganization of the petroleum exporting countriesUnion excise dutiesDealer commission rsPetroleum exportingAdministered priceCentral excise dutyDealer commissionDelhi stateExcise dutiesPetroleum productsFuel costsசவுதி அரேபியாஒன்றுபட்டது மாநிலங்களில்