Rise in Price of Petroleum Products- Right Decsion or Wrong one by government?

[gurpreetsingh]

Well We are watching on news channels taking about same common issue which is rise in prices of petrol, diesel, Kerosene oil and LPG. Government of India have made changes to pricing policy for the petroleum products. Now the pricing of these products will be done through the market conditions and international market conditions. What are you views about this, how can we counter this price rise?

 

[Muraly]

From the perspective of a Government its a right decision but in the view of a common man like us its a wrong decision. Anyway its a healthy decision for our government and a sick decision for us.

Think the Government is collecting money in this way and spending for useless, unmonitored scheme like MGNREGA.

 

[sreekanthR]

Instead of increasing the cost every time in regular intervals(Whenever prices go up in the international market) to cover the fiscal deficit ....Govt. should consider otherways of sources like usage of renewable resources instead of petrol and diesel.....Govt should spend on improving the R&D so that solar power cell can be replaced for cars and bikes .......so that we wont depend on other countries

 

[vinaydc]

It was a good step.because as the oil company was loosing crores of rupees.it will reduce to some extend.

 

[va007]

This is absolutely the right thing to do as by raising the prices close to parity, that is the prevailing global price, the government has sent a signal to consumers to use this scarce resource carefully and efficiently.
It is a positive development. It will be good for the Indian fiscal deficit handling also.

 

[christophertheo]

The cost of petrol can be reduced provided a few necessary changes are made in the price of Kerosene distributed through PDS wherein only 1% are benefitted by the subsidized cost of kerosene the rest is all sold in black market which will definitely add load to the fiscal deficit which in turn is checked by increasing petrol prices. the system is wrong.

 

[Mituli]

India has one of the highest petroleum rates so the government should reduce the duties to bring down the petroleum rate rather than increasing it even more.The common man today is under great pressure thanks to inflation and indirect taxes rising,thus the government should reduce the rate