Proliferating Fuel Prices Hit Record High
Petrol prices rose to approximately Rs.80 in Delhi and Rs. 87.39 in Mumbai, rising for the second consecutive day on 7th September 2018. Diesel also saw it’s record high price at Rs. 72.07 and Rs. 76.51 in Delhi and Mumbai respectively. The proliferating fuel prices are largely attributed to the recent rise in crude oil cost and high excise duty levied on fuel in the country. The tension over crude oil prices stems from India’s high energy needs met primarily through imports, with the country importing 214 million tonnes of…
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