Yes,Yet another hike on petroleum product prices.
But was the hike avoidable?
The Government says NO!
- It says that India needs to import 84% of the crude oil it requires.(Means only 16% of the demand is met by the production from Indian soil).
- International crude oil prices are higher than before.
- Diesel,kerosene and LPG are given even now at high subsidies,by which the oil companies (the government) are loosing around 1.2 lakh crore.
But what do YOU think about the current petrol/diseal or LPG prices?
Was the hike avoidable?