Why Are Delhites Forced To Buy Costliest Petrol Since Independence?

by Siddharth Chaturvedi Jan 08, 2021 • 06:26 PM Views 896

For the first time since independence, petrol prices scaled to an all-time high of Rs 84.20 per litre in the national capital Delhi, the highest in 73 years after oil companies raised prices for the second day running. Although petrol and diesel are such things whose prices are never stable, despite the huge reduction in the prices of crude oil in the international market, this inexplicable price increase for the common man is beyond the comprehension of most people.

So how do the fuel prices increase three times by the time it reaches consumers? Here’s an explainer that breaks it down.