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.
