#mehangai news - Why are fuel prices in India high even though crude oil prices are lower?

Business StandardWhy are fuel prices in India high even though crude oil prices are lower?Business StandardState-run explorers Oil and Natural Gas Corp. and Oil India Ltd. and state gas utility GAIL India Ltd. also had been paying to subsidize fuel prices, to the tune of $10 billion, by selling crude and fuels to the state retailers at discounts. Making ...and more »

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