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Soaring pump prices pose threat to India's recovery and inflation


Indian pump prices are in unchartered territory as ever-increasing government levies coincide with crude’s recovery from the depths of the Covid-19 pandemic.
Fuel costs have been ratcheted up to current levels by the combined effects of rising benchmark Brent prices and numerous tax hikes over the past few years. The record-high gasoline and diesel prices are leaving some Indian car owners unable to afford the cost of using their vehicles and spurring the country’s transport industry to agitate for change.
Buying gasoline in major Indian cities such as Mumbai costs almost twice as much as in New York, casting a shadow on the recovery across Asia’s second-largest oil guzzler as virus-related movement restrictions are eased. The federal government kept upping taxes last year even as it put the country into a national lockdown and global crude prices collapsed. ....

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Petrol, Diesel Price Hike News: Fuel In Mumbai Costs Almost Twice As Much In New York


Fuel In Mumbai Costs Almost Twice As Much As In New York
Fuel costs have been ratcheted up to current levels by combined effects of rising Brent prices and numerous tax hikes over the past few years.
Updated: June 29, 2021 2:03 pm IST
Buying gasoline in major Indian cities such as Mumbai costs almost twice as much as in New York.
Indian pump prices are in unchartered territory as ever-increasing government levies coincide with crude s recovery from the depths of the Covid-19 pandemic.
Fuel costs have been ratcheted up to current levels by the combined effects of rising benchmark Brent prices and numerous tax hikes over the past few years. The record-high gasoline and diesel prices are leaving some Indian car owners unable to afford the cost of using their vehicles and spurring the country s transport industry to agitate for change. ....

New York , United States , New Delhi , Rahul Srivastava , Kultaran Singh Atwal , Senthil Kumaran , Prashant Vasisht , Pew Research Center , Moody Investors Service , India Motor Transport Congress , Indian Oil Corp , Indian Oil , Vice President , South Asia , All India Motor Transport Congress , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , புதியது டெல்ஹி , ராகுல் சிரிவாஸ்தவ , செந்தில் குமரன் , பிரஷண்ட் வாசிஷ்த் , பியூ ஆராய்ச்சி மையம் , மனநிலை முதலீட்டாளர்கள் சேவை , இந்தியா மோட்டார் போக்குவரத்து காங்கிரஸ் , இந்தியன் எண்ணெய் கார்ப் , இந்தியன் எண்ணெய் ,