Petrol Prices are the True cause of this Inflation in India. And After ban on Export of Food Commodities, The Prices should have fallen. But, NO. Why? Only because of Petrol Prices.
Govt should INCREASE THE PRICES OF PETROLEUM PRODUCTS IN PROPORTION OF increase of CRUDE OIL prices in the International Markets on a FORTNIGHTLY Basis.
That will force decrease in consumption of Petrol to start with. And In the Long Run, The Petroleum Companies will not get Bankrupt.
Imagine a Case where all Indian Oil PSUs get to Negative NetWorth, AND thus had to be privatised. And just a few Industialists will control petrol prices as well as all the other facets of our Economy.
THE GOVT SHOULD INCREASE OR DECREASE PETROL PRICES IN DIRECTION CORRELATION WITH THE INTERNATIONAL PRICES OF CRUDE OIL.
That will control inflation and make all of ours lifes better.
