https://timesofindia.indiatimes.com/blogs/toi-editorials/pumped-down/
P Chidambaram https://twitter.com/PChidambaram_IN/status/1663386078051713024?cxt=HHwWgIDSqea0xJUuAAAA The editorial noted that Petrol prices were deregulated over the UPA and NDA governments between 2010 and 2014. However, the 'decontrol' reform has stopped since September 2014
Crude prices were below USD 60 between 2014 and 2021, peaked when Russia invaded Ukraine in February 2022, but has since fallen to USD 75. Yet the Government has not passed on the benefit of lower crude prices to the people consuming petrol and diesel
It is obvious that the government is 'profiteering' through higher taxes and cesses at the cost of the people. One of the reasons why inflation is high is because of artificially-kept high prices of petrol and diesel