When the government decided to free the prices of petro product from its control it promised that market forces would decide the price but what pains me is that the benefits of lower international price has not been passed on to us too often while the government has taken every chance to hike it on the plea of higher international price!!
Price rise of Crude oils in international market is one of the main reason behind petrol hike. Now-a-days, price rises are decided by oil company. Hence when there is a price rise in international market then the prices of fuels in Indian markets get hiked...!
This will make situation worst for all of us. Increase in price of petrol by Rs.2 is not concentrated to that level only. It effects all other elements. Price of each and everything would increase maybe by Rs.20 .
