Because of the spike in crude prices, India's petrol and diesel prices have reached all-time highs.
The current global supply-demand deficit is larger than expected and global supply remaining short of our consensus forecasts, says Goldman Sachs
Experts see demand for domestic fuel soaring to record levels on the back of revenge spend on business and leisure travel
According to estimates, India imports over 80% of its oil needs and more than 50% of its gas requirement
Petrol price today: Currently, fuel prices are highest in Mumbai among all metro cities
Petrol price today: In the national capital, petrol prices were steady at ₹ 101.84 per litre and diesel rates were unchanged at ₹ 89.87 per litre
Petrol price today: Central and state taxes make up for 60% of the retail selling price of petrol and over 54% of diesel
Petrol price today: In Mumbai, a litre of petrol and diesel costs Rs 107.83 and Rs 97.45 respectively
Petrol Price Today: In Mumbai, a litre of petrol and diesel will cost Rs 107.54 and Rs 97.45 respectively
Petrol Prices today: A litre of petrol in Delhi is being retailed at Rs 101.19 and diesel at Rs 89.72