Its about to happen again, oil firms are about to raise prices of petrol , possibly after May 10 when the state polls end.
Their could be an increase of about 3 Rs on petrol, which could be announced on 15th of May. The hint of an imminent price revision came from Ranbir Singh Butola, chairman of Indian Oil Corporation, which controls 55% of the market. "We would do it (increase rate) at the earliest possible," he said.
Government always raises the petrol price when it goes up in international market, but when falls , They do not reduce the price accordingly. Common man is already facing brunt inflation and this will only add to their woes.
Their could be an increase of about 3 Rs on petrol, which could be announced on 15th of May. The hint of an imminent price revision came from Ranbir Singh Butola, chairman of Indian Oil Corporation, which controls 55% of the market. "We would do it (increase rate) at the earliest possible," he said.
Government always raises the petrol price when it goes up in international market, but when falls , They do not reduce the price accordingly. Common man is already facing brunt inflation and this will only add to their woes.
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