Lower Gasoline Prices Possible The average gasoline price in New Delhi is Rs.80/litre, up 3.57 percent from Rs.77.24/liter last month and 14.46 percent higher than a year ago. Higher crude prices, compounded by the strong U.S. dollar (the exchange rate was Rs.72.2/USD on 7 September 2018), is leading to a crisis situation. Household budgets will be negatively impacted in the coming months. Diesel prices are also up, and that is likely to affect the prices of essential commodities as transport costs will increase. Many companies have already hiked product prices 5-7 percent as they are unable to absorb the high cost of freight. Analysts believe prices could rise further as petroleum derivatives, which will probably become more expensive, ar...