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Graphic: India's petrol, diesel prices surge to record

Reuters  |  NEW DELHI 

By Nidhi Verma and Subrat PatnaikNEW DELHI (Reuters) - Pump prices of petrol and diesel in India surged to a record high on Thursday, raising pressure on the government to find a solution to provide relief to consumers without taking a hit on its finances. India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for about 40-50 percent of pump prices. The country is particularly at risk from stronger global crude oil prices because it is the third biggest importer of the commodity, buying about 80 percent of its oil needs. Oil Minister ...

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First Published: Thu, May 24 2018. 17:44 IST
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