7) Lower international crude oil prices should have led to lower domestic fuel prices even under the free pricing regime in India. Why has it not happened? Critically examine.

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Topic: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. 

7) Lower international crude oil prices should have led to lower domestic fuel prices even under the free pricing regime in India. Why has it not happened? Critically examine. (200 Words)

The Hindu