Despite relying on imports for 88% of its crude oil, India continues to enjoy comparatively low fuel and LPG prices. How does this paradox exist when many regions, especially in Europe and Africa, are facing staggering price hikes of up to 70%? This question leads us to explore the intricate dynamics of India’s fuel pricing mechanisms, including government policies, market strategies, and global oil trends that contribute to this stability. As the world grapples with rising energy costs, India’s approach offers a unique perspective worth examining.
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