Petrol and diesel were selling at Rs 69.26 and Rs 57.13 a litre last Friday, prices much higher than what prevailed on the same day in southeast asian nations such as Malaysia and Indonesia and neighbouring countries like Pakistan, Nepal, Sri Lanka, Bhutan. The difference between the petrol and diesel prices of India and Malaysia is mind boggling.

Petrol price of Rs 32.19 a litre in Malaysia was less than half what prevailed in India last Friday. The diesel price in the Southeast Asian country at Rs 31.59 a litre was 44% lower compared to India. On the same day, petrol and diesel ...