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.
