Why Are Fuel Prices Still Spiking Despite Record Fall In Crude Oil Rates?

by Rahul Gautam Jun 13, 2020 • 06:46 PM Views 1243

Amid the COVID-19 pandemic, crude oil prices in the international market fell to record low, but still, petrol prices are hovering near Rs 82 per litre in Mumbai and Bhopal. In the last 7 days, petrol and diesel prices have gone up by Rs 4 per litre. The question arises, why did the oil companies not reduce the fuel rates? Watch this report