Recently, petrol and diesel prices were hiked for the fourth time in less than two weeks, reaching Rs. 102.12 per litre in Delhi and Rs. 111.21 in Mumbai. Watch this video by Vikalp Vani to understand consumers’ experience of sky-high inflation on the one hand and no real increase in wages on the other. Importantly, the video reveals that while the media is highlighting oil companies’ losses, these same companies made a net profit of 1.3 lakh crores in the first nine months of FY 2025-2026. Why were consumer prices not accordingly adjusted when crude oil prices were low and oil companies were making massive profits?
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