fuel prices india

Part 2 | Will India see drop in petrol and diesel prices? | WTI Oil Crash and Its Impacts

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fuel prices india

Who controls the petrol prices in India?

To understand this in detail, first, we should try to scrutinize the Indian Oil Pricing System.

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India imports a large amount of crude oil. We process this crude oil in our domestic refineries to generate petroleum products.

A large share of our petrol comes via this process. In fact, we barely import any petrol or diesel. This crude oil goes through three stages of the transaction before it comes to your automobiles in the form of petrol and diesel.

First, we have oil refineries that convert crude oil to finished petroleum products, then oil marketing companies which buy such products to distribute and lastly retail dealers who provide us petrol through petrol pumps.

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