For petrol, Indians shell out the most in the world Data of retail prices in countries across the world shows that Indian prices are amongst the highest in the world at current exchange rates.

2004=Rs35. in 7-years Petrol is: Rs=70

For petrol, Indians shell out the most in the world

Data of retail prices in countries across the world shows that Indian prices are amongst the highest in the world at current exchange rates. 

Even a simple comparison of retail prices in different countries by converting them to Indian rupee reveals that petrol in India is more expensive than 98 other countries.

The second group comprises of countries like the US, Iraq, Indonesia, etc, where minimal tax is levied on petroleum products. They also have lower prices than India. A litre of petrol costs Rs 42.82 in the US. 

At Rs 69.90 -the average price of petrol in 24 Indian cities -Indian prices are now comparable to price of petrol in EU.

Despite huge subsidies, diesel is more expensive in India than 136 other countries. Costing $2.46 at PPP, India is 23rd most expensive in diesel prices. Can anybody explain why Indians have to bear this unbearable burden?

 

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