In recent Union budget of 2020-21 everyone expected Central Government would impose tax on Middle Class to generate revenue but it turns out that Government didn't impose tax. As of now Government is in need for Money and that money is now being generated from tax on Petrol and Diesel.
Government is working on its import strategies reworking its import strategy by targeting various factors like Iran is also ready to trade with India in Indian currency itself.
Electoral irrelevance of Petrol: Why 2019 will be the last general election where Petrol prices will matter
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.
Does falling rupee help the parties for elections?
Fuel prices were high under UPA. The situation repeats now. Modi govt is refusing to do what UPA did.
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.