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Why are we paying high for Petrol and Diesel even if Crude Oil is selling below $30
Updated on Feb 01, 2016

While Crude Oil nosedived to $26.00, a level it hasn't seen since 2003, retail prices of Petrol and Diesel have not even dropped to Rs.50. I remember buying petrol for Rs.40 even in 2005. But what we are now paying is taxes on petrol and not for petrol. Over the years, excise duty and central & state ...

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