What is fuel price decontrol and why consumers are the biggest losers

Short end of the stick
Ever wonder why even though crude prices have been plummeting, your fuel bill just refuses to go easy on your pockets? Let’s break down how fuel price decontrol works, and why you seem to be losing out.

Technically speaking…
In theory, retail prices of petrol and diesel in India are linked to the global crude prices. There is supposed to be complete decontrol of consumer-end prices of auto fuels and others. Which basically means that if crude prices fall, retail prices should come down too.