We are back up to the Rs. 68 levels (ex-Delhi), which is equivalent to Rs. 75 in Mumbai (and Bangalore).
Prices go up because Crude just crossed $100, and the rupee is around Rs. 60.
They expect to raise Diesel prices also, soon. Things will get more expensive going forward. Seen through one prism it will bring *down* inflation because people will use less petrol. Seen through a more realistic prism, people will cut down on other spending because they can’t avoid using petrol. Eventually it means a slowdown, one way or another.
