Despite sharp correction in global crude prices, retail prices have remained at higher levels
Fuel prices have risen for the 10th day in a row. There has been a glaring disconnect between the global crude prices and the retail prices of petrol and diesel over the last few months.
Despite sharp correction in global crude prices, retail prices have remained at higher levels owing to simultaneous steep hikes in excise duty by the central government and elevated levels of marketing margins by oil marketing companies (OMC).
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First Published on Jun 16, 2020 08:08 pm
