Petrol, Diesel On A High: Why Does India Export Cheaper Fuel?
For the first time in 10 days, diesel and petrol prices did not go up on Tuesday. This came as a welcome relief to citizens who have seen their day-to-day expenses spiral up as fuel prices shot through the roof. While petrol is being sold at nearly Rs 87 a litre in Mumbai, India actually exports refined fuel, petrol and diesel to 15 countries at just Rs 34 a litre. Taxes, in other words the excise duties, dealer commissions and VAT continue to be a nightmare. These taxes in Delhi, very recently, were actually more that the cost of the fuel itself. On the show tonight, we discuss: Shouldn't the centre and states do more to help citizens cope with the fuel price hike?
