i remember that it used to be rs.10 per litre in 1990 and went up to rs.20 per litre after the first gulf war...after that, its been on the rise through out. in those days, we used to ride a bajaj super scooter, then went on to ride a suzuki samurai after feb'98.
I remember Rs.8 per liter. This was in 1989 and I was in 9th standard. I didnt have a drivers license but we lived in a small village and it was common for kids to drive. I had happily taken up the job of filling up my father's Bajaj Chetak and uncle's Rajdoot every week. Even in 1996, I remember i used to get 2.6-2.7 liters for Rs.50.
It is funny & shocking at the same time to see how fast prices have increased.
when you are at the mercy of other nations for your oil needs, you have to pay the price which is at present in the mkt. when we all know that usa in hands with oil producing nations are holding the world at ransom, god save us . do not be surprised if the rates of petrol touch rs 100/- per litre in about a year.
just as a protest for sometime keep your vehicles off the road for 24 hours, on one particular day in the week, the state govt. will reduce the taxes immediately.
Such an unprecedented rise in the petrol prices is a clear indication of failure on the part of our government. I do not know why the cost of petrol should be more than that in America and other developed as well as developing countries including Pakistan. Average income of Americans is at least twenty times that of Indians and even then they are paying less for petrol. At means we are spending a very larg proportion of our earnings on fuel. This is sorry state of affairs and points out towards mismangement of economy.
The immediate impact of this steep rise in petrol cost would be general increase in prices of all essential commodities and greater harderships for common man.
RE:Petrol cost
by SS Kumar on Jun 05, 2008 06:32 PM Permalink
You have reinforced my observations made a few minutes back. While the UPA can not be faulted completely for fuel price hike, the issue is that they saw this coming and did nothing about it. Like the way, stalwarts C. Subramaniam & Swaminathan led India from a food deficit state to one of surplus thro' their innovative Green Revolution,why does not the UPA take the lead in encouraging development of alternate fuels by funding R&D in key institutions ? At least, in 1 or 2 years, we can totally end our dependency on petrol/diesel if we can locate a cheaper alter- native. What this requires is drive & longer term vision instead of knee jerk reactions from the UPA. At this rate, I see the UPA out of power next year.
During 1990's number of vehicles in india were not even 2% of the current numbers.. so was the usage of fuel.
I remember buying a dozen Mangoes for Rs 10, now we don't get a single Mango for this cost.. So is the rentals.. A 1000 sqft double bedroom house was charged Rs 500/Month in a city. Now it crossed Rs 10,000/- Is it because of Fuel price hike????
Salary of Rs 3000/- PM was more than sufficient during those days.
Basic principle --------------- Demand increases cost if supply does not catch up with it, I think every one understands this!!
The spending capacity of people raised to above 20 times compared to 1990's.
So comparing 1990's fuel price with current price is idiotic.
RE:The question itself is not correct!!
by mohammed ali on Jun 06, 2008 08:17 PM Permalink
what ever be the price people are ready to buy. introduce a new luxury car and see how many people book it. there is no restaraunt without a crows. you cannot see a chair available free in any restaurant irrespective of the price the restaurant charges.
