Global Crude Oil Prices Drive India's Petrol & Diesel Costs, With Taxes Adding Half the Retail Bill

India imports 85% of its crude oil, making pump prices highly sensitive to Brent and Dubai/Oman benchmarks—though exchange rates, refining costs, and taxes comprising ~50-55% of retail price also play key roles.

ndtv-profit-business · 7/1/2026, 2:32:36 AM · Ask about this →