The Central Government of India gave out a statement mentioning that petroleum rates are going to rise by Rs 5 for petrol, Diesel by Rs 3 and a soaring rise for the gas by Rs.50.
Just because of this price rise, many other industry product's especially like tires, household items, vegetables etc., will also rise because the main source of moving objects to far away locations require petroleum in one way or the other.
Normally before getting out of your house you wouldn't think too much, but as of how things are going on now you would have to think a lot before getting out. This is going to be a massive blow to the middle class people and coping up to it will surely be a challenge.
I feel the raise on the petroleum prices should'nt have be done since the election are right around the corner and taking such a risk may back fire on the current government.
The least we can do is wait and watch.
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3 comments:
how much has it effected you already? what equation do you think would be appropriate to consider the prices fine?
Elections are already over, and the government has been formed! Are you talking about the central government elections?
When I talked about the elections, I talked about Central Government.
I was just predicting its effects and what could happen. This could effect me to a large extent.
If you have been using petrol, give me an idea of how much a litre of petrol would cost you earlier and before the price hike!
Would be probably better to graph the increase of prices of vegetables, groceries, against petrol. That would be interesting!
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