Friday, November 04, 2011

There would be an explosive situation soon if petrol price hike goes like this

The government would learn only when an explosive situation arises. And no doubt, the people would stage opposition in a strong manner, if the hike in petrol prices goes on like this.

The government seems to think that it can wash its hands off by saying it is all the job of the petroleum companies.

Earlier, Dr Manmohan Singh had said the system would absorb hikes. It would not be true always, for the people have suffered enough.

The price hike occurs not because of the increasing prices in the international market alone. Our prices are linked to other taxes and levies.

The government is getting money by simply taxing the people using the petrol path.
The pity is that no one is seriously working on finding a way-out. The price inflation is at its vortex, when the petrol price has been pushed up.

Who is aware of the intricacies of the activities and expenses of the petroleum companies? Their prospecting, projects and governance are not that transparent, and people are simply told they are making losses.

Maybe at one time, the courts would be forced to interfere even in policy matters.
Things are bad for the country, which levies the heaviest in the neighbourhood.

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