Decoding Fuel Prices in India: From Tax Slabs to GST
Petroleum products like petrol and diesel are the lifelines of the Indian economy, influencing everything from the cost of a daily commute to the price of essential vegetables. Despite being a global economic player, India’s fuel pricing mechanism remains one of the most complex and debated topics. As of February 2026, fuel prices are managed through a "Dynamic Pricing" model, though they remain outside the Goods and Services Tax (GST) net.