Here's why your fuel bill hasn't fallen much despite tumbling crude prices

Even if the daily price cut on petrol and diesel remains between 15 and 30 paisa till April 1, the marketing margin will remain high at Rs 8-10 per litre.

You must be wondering why the current freefall in the global oil market is not resulting in commensurate or sharp fall in retail price of petrol and diesel.

The answer lies in a plethora of taxes that both Central and state governments levy on the two auto fuels that rob the customers of the real gains that accrue from a subdued oil market.

The current base price of petrol stands at just Rs 27.96 a litre while diesel at Rs 31.49 a litre in Delhi (as on March 16, 2020). But customers were paying Rs 69.59 and Rs 62.29 for the two