? || How justified is spike in petro prices ? ||
People demand satisfactory answers to the following questions to know why petrol and diesel prices in India are on the boil again:
Is it because the international crude oil prices are skyrocketing?
Has the dollar price increased steeply, whereby more rupees are to be spent to get the same amount of crude?
Are the oil marketing companies facing huge losses?
Is the government untenably burdened with a high petroleum subsidy whereby it wants to ease it through oil prices hike?
Is the market that determines the price, in which government has no role to play and therefore it has become a silent spectator when the prices unreasonably move upwards and forget to go southwards in tandem when the international prices fall?
https://www.thehindubusinessline.com/opinion/spike-in-domestic-oil-prices-not-justified/article33955788.ece#:~:text=High%20import%20prices%20are%20no%20reason%20for%20the%20present%20hike.&text=Crude%20import%20price%20per%20litre,losses%20of%20oil%20marketing%20companies.
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? || How justified is spike in petro prices ? || People demand satisfactory answers to the following questions to know why petrol and diesel prices in India are on the boil again: Is it because the international crude oil prices are skyrocketing? Has the dollar price increased steeply, whereby more rupees are to be spent to get the same amount of crude? Are the oil marketing companies facing huge losses? Is the government untenably burdened with a high petroleum subsidy whereby it wants to ease it through oil prices hike? Is the market that determines the price, in which government has no role to play and therefore it has become a silent spectator when the prices unreasonably move upwards and forget to go southwards in tandem when the international prices fall? https://www.thehindubusinessline.com/opinion/spike-in-domestic-oil-prices-not-justified/article33955788.ece#:~:text=High%20import%20prices%20are%20no%20reason%20for%20the%20present%20hike.&text=Crude%20import%20price%20per%20litre,losses%20of%20oil%20marketing%20companies.