India’s crude cost tops $100, sharp fuel price hike looks inevitable

India’s crude cost has topped $100/barrel on the back of surge in global benchmark prices and the US dollar breached the Rs 75-mark to widen the under-recovery on petrol and diesel to over Rs 10, making a prolonged spell of upward revision in fuel prices inevitable without tax cuts.

from Times of India https://timesofindia.indiatimes.com/business/india-business/indias-crude-cost-tops-100-sharp-fuel-price-hike-looks-inevitable/articleshow/89877001.cms>ab