Fuel prices prompt citizens to switch

Fuel prices prompt citizens to switch

Rising fuel prices, thanks to large excise duties and local taxes, continue to bother the common man.  The prices of petrol in Delhi (Rs 76.61) and Mumbai (Rs 84.44) have become a worry.  Diesel prices, too, are ruling high in these economically-important metros.

High taxes are taking a toll.  "Why are we so unique. We are the only country where taxes on petrol and diesel are 100% over the cost of refining plus dealer margin. What Indians pay for a litre of petrol is 40% of per capita income per day. For all other nations, it is less than 3%. Why are we like this?" asks journalist MK Venu.

Several petrol pumps in Mumbai have been left deserted in the last few days.  It's because commuters have reportedly switched to other modes of transport in order to save fuel.