Crude, cracks and tax cocktail pushes India’s fuel users to the brink

A recovery in international prices is expected to keep petrol and diesel prices firm in the country.

This, coupled with the recent inching up of crude oil price to beyond $60 a barrel, has locked domestic petrol and diesel rates at record levels.

Petrol price climbed to an all-time high of Rs 87.30 a litre in Delhi on Tuesday, while diesel sold at Rs 77.48 a litre in the National Capital.