Those rejoicing the drop in Crude oil prices and mocking Indian government for not lowering despite the drop, it's time to educate ourselves on the methodologies followed.
One can safely predict that by the time of next general election in 2024, petrol prices will be irrelevant to the average Indian voter. The real driver would be the coming electrification of transportation industry.
The government’s commitment to maintaining macroeconomic stability — fiscal deficit and exchange rate are very major components of that — is expected to be total.
For years, there has been a blatant attempt to mislead the people with a year to year comparison of fuel prices in India as a yardstick of inflation measurement.