Petrol prices shoot up

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febpreet
Member since: Jan 07

Posts: 3252
Location:
Post ID: #PID

Posted on: 29-05-12 11:50:30

I agree with TK and Gurram.

Pray tell, when the oil prices are rising in every darn country, why should India be left behind. All car owners in India are making much better money than before and they want to pay the price that was prevalent 10 years ago?
Doesn't make any sense to me.

rajcanada
Member since: Jul 03

Posts: 2713
Location: Kitchener, ON
Post ID: #PID

Posted on: 30-05-12 10:35:19

Because petrol, diesel, LPG and kerosene prices are regulated by Government of India, any increase in any of those causes a big backlash. Petrol prices would come down in India if your reduce Rs. 500 subsidy per LPG cylinder, Rs. 25 subsidy per liter of kerosene, Rs. 10 subsidy per liter of diesel.

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