Petrol price rose by Rs 5 a litre. Its at Rs 56 in Mumbai and Maharashtra now.
There is a huge protest against this price hike all over the country.
Left and BJP taking over the UPA govt. News papers and news channels censuring this implementation.
Common man venting anger over govt. (in private though).
How many of them think 360 degrees about this issue?
How many of them know the data and the facts?
In 2004, crude oil price was at $32 a barrel in international market.
That time the petrol was at Rs 40 a litre.
Now the crude oil is selling at $128 a barrel. Exactly 4 times (i.e. 300% rise) that of 2004 price.
But the petrol has raised to Rs 50 a litre in
How come the oil companies are supposed to sustain, forget even making profit in this tight control of price?
If they stop working due to stringent control on prices, who is going to deliver you the fuel for your vehicles?
(Remember Reliance has already seized working of its petrol pumps all over
One more issue needs to be discussed here.
Why the prices are rising?
Among others, growing demand by developing countries like
Govt of India has been trying to keep the prices at affordable level. So the
Its does not think of the fuel crisis before kick starting its bike.
Now as the fuel price has gone up (even though with marginal amount), people would think before wasting the fuel.
The general elections are coming soon.
Govt knows that people are not enough mature to think of these points.
This hike can be a bolt in UPA’s plans to maintain its regime at Centre.
Govt may reduce the price by a rupee or two just before election to appease the voters.
As of now we should accept this reality maturely.
1 comment:
Hi,
Now as the Crude Oil Prices have come down drastically in World Markets why are the Petrol Prices in India not going down siginificantly? In US the Gas prices are again back to less then 2$ per gallon mark , why doesn't this reciprocate to India?
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