why fuel prices rising: Rising petrol and diesel prices: How state-central taxes are hurting the consumer and is there a way out? – The Economic Times Video

why fuel prices rising: Rising petrol and diesel prices: How state-central taxes are hurting the consumer and is there a way out? – The Economic Times Video


Petroleum products’ unprecedented high retail price remains a concern as India recovers from the Covid shock. While international crude oil price today is nearly 50% lower than it was in July 2008, India’s petrol and diesel prices are higher by about 100% and 150%. So is GST the answer to soaring fuel prices? And how far can one blame taxation? ET’s Sachin Dave explains the past, present and future of India’s crude and taxation policy and the way forward. Watch



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