Oil pricing – between devil and deep blue sea

Global crude oil prices are rising once again. And once again developing countries like India are going to be the worst hit. Consumers in this country may have to face hikes in the prices of petrol, diesel and cooking gas in the coming months if the situation does not ease soon in world markets. Indian public sector oil companies are already gearing up to make a case for a price hike to the government, which ultimately takes these decisions.

monstersandcritics