If you’ve ever had to buy tires in any of the major car-supply companies in India, you’ll know what a headache this is.
These tires are priced in the same way as petrol, and they are quite pricey.
The price of petrol is Rs.6.45 a litre.
The price of diesel is Rs 7.50 a litter, and the prices for hybrid diesel are Rs.12.50 per litre (i.e. 4.5 times the price of regular diesel).
The price for petrol and diesel in India is Rs 11.30 and Rs 15.60, respectively.
The prices of petrol and hybrid diesel fuel have been falling rapidly, and are now less than half of the prices of regular petrol.
This has led to a surge in petrol prices in the country, as petrol is now about a fifth of the price in the US, for example.
The government is trying to address this by offering a discount of up to Rs 2,500 per litter on petrol and up to 2,600 per liter on diesel in January.
But even if petrol prices are reduced, the price on hybrid diesel is likely to continue to rise, as this fuel is still cheaper than regular diesel.
What is your reaction to these prices?
Is this just the price gouging of car companies in the name of lowering the prices?
Let us know in the comments section below.
Image via Shutterstock