As per an ET report, the dealers were sold by the state-owned retailer Indian Oil Corporation (IOC) at the rate of ₹39 per litre
As per a government official, neither the Centre nor some States are interested to reduce taxes on fuel in the near future.
The oil companies adopted a daily price revision from June 16. Since then, the rates have only been increasing except once in the beginning.
Most of the people have money in their hands, they are unable to spend the notes they have in their hands as they are