One of the major reasons behind the rise in petrol prices is that India imports more of it to meet its development needs as our production capacity is around 15 per cent. Petrol Prices have been on a steep rise over the last 12 months. But if we look closely, they’ve been on a rise since the change in the regulation rules in 2018. There are more components that influence the petrol price in the Indian economy.
Implementing GST charges might be a plausible solution to reduce the price rise, tune in to know-how!