LOW FUEL WARNING

The consistent hike in fuel prices could have a far greater impact in the current scheme of things

- TUHIN GUHA

In the wake of the COVID-19 pandemic, we at OVERDRIVE, like every other authority of the car industry in India, have been trying to understand what the eventual impact of this shock will be to our car-buying habits. And like the rest of us, we find that there is too much still not known to accurately predict what will happen next.

But now, at least from an Indian perspective, a new development could have a profound effect on the kind of cars we buy going forward. At the time of going to print, fuel prices had increased for 18 straight days on the trot. In fact, in a situation very unlikely to have happened before in India, diesel was more expensive in New Delhi on June 24 at Rs 79.88 per litre, than petrol at Rs 79.76 per litre. These daily increments have led to a cumulative increase of Rs 8.50 and Rs 10.46 per litre in petrol and diesel prices respectively.