Global crude oil prices have surged past $110 per barrel. However, Indian retail fuel prices remain stable. This is due to government excise duty cuts and oil companies absorbing losses. Taxation remains a key factor in India's fuel pricing. Bringing fuel under GST could significantly reduce prices for consumers.
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Petrol at Rs 72, diesel at Rs 69 in Delhi? How GST could slash fuel prices in India
Global crude oil prices have surged past $110 per barrel. However, Indian retail fuel prices remain stable. This is due to government excise duty cuts and oil companies absorbing losses. Taxation remains a key factor…
