Petrol price hike - what can we do?
Petrol price hike - what can we do? Petrol price is hiked, once again. To be precise, it is the 9th time in one year’s time. People will make hue and cry and the media will be busy with this issue for two days. Later, all of us will forget this and we will not change the way we do as of now. Everyone agrees that already the rates are subsidized and the hike is inevitable. However, when petrol prices in a few countries where they do not have processing facilities (they import directly) are lesser than ours, I don’t understand the logic of pricing in our country. This raises certain questions in my mind. • Let them hike the price whenever the crude oil price is increased in global market but are they reducing the prices when they get reduced? • Who negotiates the price on behalf of the companies? How good the negotiations are? Can they bring in a transparency in this? • Is there any kick back in the deal? • For every Rupee a common citizen pays for the petrol, 49% of it only goes to the ...