REALITY CHECK: Govt response to Trump veto on Russian oil purchases: ‘Our priority of import policy is protection of consumers’
BUT Oil prices DECLINED in the international market from $79 in January to $64.62 in April this year, even dipping once to $59 . Yet, fuel prices at petrol pumps across India have remained mostly UNCHANGED. In fact excise duty on petrol and diesel was raised by Rs 2 per litre while price of LPG cylinder rose by Rs 50. So who really is being ‘PROTECTED’ here? Think.