There is no free lunch on auto fuel prices3 min read . Updated: 28 Mar 2022, 06:29 AM IST
- Retail prices of petrol and diesel have increased much less than the rise in crude oil price
- This is hurting the marketing margins of state-run Indian oil marketing companies
The prices of petrol and diesel were hiked again on Sunday by 50 paise a litre and 55 paise a litre, respectively. This is the fifth increase in the prices of these fuels in six days, leading to a cumulative per litre increase of ₹3.70 and ₹3.75 respectively at the level of oil marketing companies (OMCs). The increase in price at the fuel pumps would vary from state to state depending on the local sales tax or value added tax.
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