due to oil prices touching almost 135$ a barrel and inflation woes the government is planning to increase the price of petrol and diesel by 15-17 rs per lite. my point is the government taxes the fuel companies heavily and earns good profit from them, thanks to the high prices. yet the government is thinking of increasing the fuel price rather than reducing the various excise duties and taxes.
why does the common man have to suffer while the government coffers get filled with money? the governmenn cannot be so selfish. if the prices are hiked, it will be a big blow for the government in elections time. already the congress has lost bangalore elections and if the hike does come into existence it will only go against them in future.
one has to remember petrol price hike will trigger a series of other hikes. our daily spendings will increase. vegetables, groceries, other food products all hike their prices thanks to the expensive transportation. and at the end of the day the household budget and savings go for a toss.
