Global factors! Why Petrol and diesel prices continue to soar, when and how common man can expect relief—EXPLAINED
Why Petrol and diesel prices are increasing? Petrol and diesel prices continue to soar with no limit in sight. It has breached Rs 100-mark in some states. After Rajasthan, petrol price on Thursday crossed the ₹100 per litre mark in Madhya Pradesh when fuel rates were increased for the 10th day in a row.
There are several reasons such as huge tax imposed by the Centre and state governments, affecting the petrol and diesel prices, besides there are global factors too behind this sharp increase in fuel prices. Source: PTI