Indians have also been told that the price of petrol in the country is among the cheapest in dollar terms.
The almost daily hike in the price of petrol has been accompanied by a misinformation campaign about the global prices of the fuel. According to the government, the rise in petrol price is one-tenth of the increase in other major economies. Indians have also been told that the price of petrol in the country is among the cheapest in dollar terms. However, if one compares the current price of petrol with the pre-pandemic rates two years ago, the increase in price in India is among the highest in the world. Besides, Indians are paying the highest fuel prices compared to prices in terms of purchasing power parity.