See the basic problem is thqat our Govt is fool. Petrol can still be sold at 40 Rs a litre and Diesal at 30 Rs a litre, even if fuel prices shoot upto 250$ per gallon. Ask me how? Our Govt. use our hard earned money to subsidise petrol and diesal in India, as mostly the fuel (Diesal and Kerosene) are used in villages and in transportation of goods. So If the Indian Govt do not put in a support of 60 - 80 billion dollars a year the fuel prices will become unaffordable. So wats the solution? It very simple if you think for it. See the Government gives this subsidised fuel to farmers and Transporters who in turn produce foodgrains/rice etc at the cheaper/ subsidised price and than WE SELL THESE foodgrains to Oil Producing and exporting countries at the same or even lesser rates. If our Govt. makes it compulsory that all exports of foodgrains will be done at the REAL PRICE (taking into account the actual fuel prices)the real price of Rice exported to Middle east should be 500-600 Rs. P.Kg and NOT Rs.35/- per KG. In case there are no buyers at that price, the Govt should ban export and instead give it free to farmers who commit suicides and die of hunger. Why should the Indian Govt. export food products at extremely cheap and in fact subsidised price to Middle east, the best will be if it sells rice in India for Rs. 5/- per Kg and sell, it in Middle for 500/- P.KG. All this problem of fuel prices can be soldved in a single day.
