Surge in Fuel Prices in India: Reasons, Options & Challenges - By Satish Kumar Karna
High pricing of petrol and diesel at the pump are due to two major factors: rising worldwide oil prices and a very high domestic tax structure. Fuel costs in India vary by state due to the impact of local taxes such as VAT and freight charges. For example, Rajasthan has the highest value-added tax (VAT) on petrol in the country, followed by Madhya Pradesh. Reduced fuel production and oil-rich nations seeking more profits are the other reasons behind spiralling petrol and diesel prices in the country. Also, the payment of interest and its principles for Oil Bonds contributed to the ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Harnessing India’s Rare-Earth Wealth A Strategic Imperative - By Noopur Joshi
- 2 Technological Self-Reliance A Key Pillar of India’s Future Growth
- 3 Environmental Impact of Artificial Intelligence : Balancing Innovation and Sustainability
- 4 India's Global Strategic Partnerships - By Noopur Joshi
- 5 BIMSTEC on a Revival Path : Strategic and Economic Opportunities for India - By Alok Singh
- 6 Digitalization: A Catalyst for Social Change - By Noopur Joshi
- 7 Strengthening Cyber Resilience in India : A National Security Imperative - By Ranjeet Shah
- 8 IOR: India’s Economic and Strategic Imperatives in the Age of Geopolitical Flux
- 9 Preserving Peatlands : A Sustainable Approach to Combat Global Warming - By Ranjeet Shah
- 10 Unlocking the Potential of MSMEs Strategies to Tackle Key Barriers - By Noopur Joshi
