Reasons behind the Diesel / LPG move

The steepest ever Rs 5.63 a litre hike in price not withstanding, diesel in India is still cheaper than its neighbours Pakistan and Bangladesh as also the US.
Diesel prices were on Friday raised by Rs 5.63 per litre to Rs 46.95 a litre in Delhi.
Even so, diesel in India costs less than Bangladesh where a litre cos ts Rs 49.08, and in Pakistan where it costs Rs 59.56. In US, diesel is priced at Rs 54.55 per litre while it costs Rs 77.84 in France.

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