ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Fuel PriceSubscribe to Fuel Price

Fuel Price Behaviour under Different Regimes in India since 2002

The variation of prices of petrol and diesel since June 2002 in the metro cities in India and the impacts of international crude oil prices and exchange rates on such prices in these cities are examined. It is observed that the rates of growth in the prices of petrol and diesel were faster during...

Petrol and Diesel: How Government Taxes Keep Retail Prices High

Even after deregulation of pricing, the movement of retail prices of petrol and diesel is not directly related to global crude oil prices. Taxes make up around two thirds of the petrol and diesel prices paid by consumers.

Why and How Crude Oil Price Became Negative?

Crude oil price becoming negative is one of the rare events that happened after World War II in the energy sector. The real reason for oil prices to move into sub-zero level is not attributable to supply–demand mismatch, rather it owes to the timing of this movement and specifically what is popularly known as the “day-of-the-week effect.” Though India is importing almost 82% of its oil, falling global crude oil prices are not going to benefit the end users much. But, the interaction effect of the lower crude oil price with COVID-19 is definitely going to have an impact on the country and investors.

Fuel Pricing Policy Reform in India: Implications and Way Forward

This paper undertakes an examination of the differential impact of international oil prices on domestic inflation and output growth in India under two alternative scenarios. One scenario is, when domestic fuel prices are allowed a formula-based automatic alignment with international oil prices and the second, when as per current policy, fuel prices have evolved as a consequence of revisions specified periodically by the government. The differential impact analysis has been undertaken in a structural Vector Autoregressive framework using the technique of innovation accounting.
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