Fuel for Modi’s 2019 bid

The rise in crude prices in the international markets is not the reason we are paying for petrol and diesel through our already over-dilated nostrils. The correlation between the two is a piece of fiction, plausible only from a short-term view. The price of crude, it is true, has gone up recently. But it is perversely untrue that there is any steady correlation between crude prices per se and what we are made to pay at gas stations.
Consider this. When crude was selling at $130 per barrel a few …

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