ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Petrol and Diesel: How Government Taxes Keep Retail Prices High

Even after deregulation of pricing, the movement of retail prices of petrol and diesel is not directly related to global crude oil prices. Taxes make up around two thirds of the petrol and diesel prices paid by consumers.

Taxing Petroleum Products

With the lowering of global crude prices in recent months, the expectation was that this would benefit the users of petroleum products, especially in the industry and transport sectors, and the consumers. This expectation has so far been belied. The central government has not only increased the...
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