Petrol increased by 7.50/ltr

[Bapun]

Surely petrol price will reach Rs 100/ltr by this year end.

dreamdth

 

[ssparikshya]

here peoples are saying go by cycle
its cheaper and keeps us fit
all bike and car lovers will sell it

 

[Bapun]

Still there are many people who will pay more money to buy petrol. Pity for poor peoples.

dreamdth

 

[Bapun]

Part rollback of petrol hike likely by end-May

NEW DELHI: Minutes after the Congress demanded relief from the steep hike in petrol price, state-run oil marketers on Thursday indicated they could reduce the price by the month-end if the rupee and international oil prices held steady.

"Current trend indicates that prices can come down," IndianOil chairman R S Butola said. He was speaking just after Congress publicly asked for a reduction in the hike.

"We are genuinely sensitive to the burden this hike will put on the aam aadmi. We hope within the parameters of the international economic situation, the government will evolve a modus vivendi which will provide some relief," party spokesperson Manish Tewari said. Oil minister Jaipal Reddy's hasty return from Turkmenistan is seen as signaling Congress's anxiety to secure some respite from the steep hike .

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[Bapun]

Govt hints at review of petrol price hike

NEW DELHI, MAY 25:
Under mounting political pressure, the Government today hinted that a review of the petrol price hike may happen in the next few days.

A similar view was expressed by the public sector oil marketing companies (OMCs) on Thursday. The companies had said that they will review the price at the end of the fortnight (June 1), passing on the benefits of the softening international crude oil and product prices to consumers.

While defending the steep price hike of May 23 by the OMCs, the Petroleum Minister, Mr S. Jaipal Reddy, admitted that the decision to hike the price was harsh and unpleasant.

He said, “We in the Ministry cannot remain indifferent…But we are at this point not able to take a definitive view because there is lot of volatility in the value of rupee and price of crude oil. So we have decided to watch for just few days.”

The Government is not only facing flak from the Opposition but from allies as well, with the Trinamool Congress, DMK and outside supporter Samajwadi Party all announcing agitation plans.

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[mystic]

Why can't Govt just reduce the Tax and give some relief for Indian people... :wall

Look how much taxes on petrol...bapun raz has posted a pic on this topic....
.

 

[Bapun]

Well yes they are charging too much, in some country it is available on low prices still.


dreamdth

 

[iS THAT ME]

Well, instead of giving subsidy to companies, the government should think about removing Tax and giving tsome relief to common men in the process...