Petrol and diesel prices: How far can one blame taxation?

Petroleum products' unprecedented high retail price remains a concern as India recovers from the Covid shock. While international crude oil price today is nearly 50% lower than it was in July 2008, India's petrol and diesel prices are higher by about 100% and 150%. So is GST the answer to soaring fuel prices? And how far can one blame taxation? ET's Sachin Dave explains the past, present and future of India's crude and taxation policy and the way forward. Watch


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