Sunday, May 22, 2022
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In India rising fuel prices start to bite

Both the federal and state governments in India charge taxes on petrol and diesel, jacking up prices [File: Dhiraj Singh/Bloomberg] Mumbai, India– In the past month, Mumbai-based autorickshaw driver Siddheshwar Yadav’s average monthly income has dipped 40 percent, hit by a combination of surging fuel bills and autorickshaw rents, as hikes in petroleum and diesel prices take inflation in India to a crippling, 15-month high. Even after putting in a 12-hour shift every day of the month, Yadav’s monthly income has dropped to 9,000 rupees ($118) from 15,000 rupees ($196.8). With the government prohibiting drivers from raising meter fares […]

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