India increases fuel prices by 10 percent

India has announced that fuel prices are going to be raised by 10 percent. The state-owned oil companies had no other option but adapt pump prices in response to the increase of crude oil prices in international markets. According to an article in Autoplus, gas stations in New Dehli were selling gasoline at 45.52 rupee and diesel at 31.76 per liter. That's about $1 and $0.75 (U.S.) per liter, respectively. Unlike Europe and the U. S., the price of fuel in India is regulated by the government, although prices differ from state to state.

[Source: Autoplus]