Quote Originally Posted by Ram Pant View Post
Question for the financial wallahs on here.

The petrol we buy today was refined several weeks ago, it was pumped from the wells months ago. It was paid for months ago at a much cheaper going rate. So, why have petrol prices at the pump shot up?

2nd question, when the crude oil price drops again, why will the drop take time to reach the pumps?

Its called capitalism and the "free" market.