Fuel Price Hikes in India: A Drop in the Bucket or a Symptom of Wider Issues?
The Indian Oil Corporation Limited's Director (Refineries) Arvind Kumar has described the recent petrol and diesel price hike as "very small rise. " However, this characterization belies the complexity of the issue.
The Rs 3 per liter increase may seem negligible to some, but it is a symptom of India's struggle to manage its energy sector in the face of mounting global pressures.