MUMBAI – As the global price of crude oil soars, the price of diesel fuel has jumped in India. But the cost of gasoline is even greater. Domestic auto makers, therefore, are seeking new alliances and strategies for more refined diesel engines. Over the last three years, prices have risen 51% to RS250 for 5L of gasoline ($4.20 per gallon). While the price of diesel has climbed as well, it currently is 26% less costly to consumers than gasoline due to government subsidies. GM India ...
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