Understanding Rising Fuel Prices in India
If our eminent intellectuals and politicians have taught us anything, it is that one can have opinions on anything. Introduction In this article, I shall look into the rising fuel prices and provide some rationale for the same. As mentioned above, I am no expert and my view can be considered amateurish at best. Who is to be blamed for the rising fuel prices While people can debate whether 60% of the total taxes collected goes to the Center or States, it is quite evident that the blame for the rising prices should go to both. And seeing that the GST Council (in which only 33% of Voting Rights rests with Center) is not interested to take fuel into the ambit of GST, since that is one area along with Alocohol where states have the freedom to tinker taxes, it becomes fairly obvious that both Center and the respective state Governments are to be blamed for the same. How have the fuel prices increased over the long term I was able to source the below prices for...