Petrol in India is costlier than 98 countries while diesel is more expensive in India than 136 other countries.
Petrol costs less than a dollar in the OPEC region and USA, in Russia, Japan, China, it is priced between $1-2 dollars based on PPP calculation, according to a report in The Economic Times.
In September, state-owned oil companies hiked petrol prices by Rs 3.14 per litre, the third hike this year.
Petrol prices were freed from the government control in June last year.
Tuesday, 25 October 2011
Indians pay the highest for petrol, diesel! - Rediff.com Business
NEWS FROM THE WEEK PM invites the world to Make in India, inaugurates Dr. Ambedkar International Centre and more... PM Makes a Pi...
Demonetisation of Rs. 500 and Rs.1000 currency notes has been in the news since 8th November and seen by many as the best Diverting of att...