OPINION | Oil price setting in a market with ‘Indian characteristics’- Moneycontrol.com
On paper, petrol and diesel prices are market determined. In reality, it is anything but that. The outcome is a set of distortions After a gap of a little more than 18 months, the retail price of petrol and diesel changed on May 15. They increased by Rs 3 per litre in response to the sharp escalation in the price…
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