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Why Are Fuel Prices Rising? | FYI

Fuel price rise has left the common man in a fix. After maintaining a steady price range for elongated periods over the previous month, fuel witnessed consecutive price hikes in the month of October. Since 1st January 2021, the petrol prices have been increased by 25%, while diesel prices have increased by 26%. The centre's defence has been that this is because of rise in crude oil price by almost 50% this year, but this is only partly true, here's why. About Us: NDTV brings you unbiased and comprehensive coverage of news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile. Subscribe to our channels: NDTV: https://www.youtube.com/user/ndtv?sub... NDTV India (Hindi News): https://www.youtube.com/user/ndtvindi... Follow us on Social Media: Like us on Facebook:   / ndtv   Follow us on Twitter:   / ndtv   Follow us on Koo: https://www.kooapp.com/profile/ndtv Follow us on Instagram:   / ndtv   Join NDTV on Telegram Messenger: https://t.me/NDTVbot/?start=hi Follow us on Google News for Breaking and Latest News Updates: NDTV: https://bit.ly/3e5ngbP NDTV India (Hindi News): https://bit.ly/3mNVwMY Download NDTV Mobile Apps: http://www.ndtv.com/page/apps Watch More Videos: http://www.ndtv.com/video?yt #FYI