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6) Global crude oil prices slumped about 65 per cent in the 21 months from July 2014 through March 2016. In this period, the pump prices of both petrol and diesel dropped only about 15 per cent in India. Discuss what is causing retail fuel prices from moving in lock-step with the international trend in oil and the effect of this policy on consumers.

Topic: Resource mobilization

6) Global crude oil prices slumped about 65 per cent in the 21 months from July 2014 through March 2016. In this period, the pump prices of both petrol and diesel dropped only about 15 per cent in India. Discuss what is causing retail fuel prices from moving in lock-step with the international trend in oil and the effect of this policy on consumers. (200 Words)

The Hindu