Why Are Prices of Diesel and Petrol not Decreasing, when Crude -Oil prices are falling drastically?

On June 8th, India prepared to lift the lockdown imposed on its citizens due to the Coronavirus. Around this time, Oil companies controlled by Union Government started hiking both petrol and diesel prices. From June 7th, fuel prices were hiked consecutively for 22 days. In Delhi, the price of petrol was increased by 13%, andContinue reading “Why Are Prices of Diesel and Petrol not Decreasing, when Crude -Oil prices are falling drastically?”