A fuel pump nozzle sits in a vehicle at a Hindustan Petroleum Corp. gas station in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)
Why Crude Oil Price Crash Hasn’t Made Petrol, Diesel Cheaper For Indians
When crude oil is tumbling to record lows every day, Indians haven’t seen that reflect in petrol and diesel prices at the fuel station. The reasons are familiar: increase in taxes by the government...