The repeated increases in the prices of petrol and petroleum products
over the past year is a clear violation of the Administrative Price
Mechanism ,put in place by the Centre and has been taken to unsustainable levels.
While international oil prices were in the region of $148 a barrel, petrol prices were at about Rs 50 a litre. But today, when prices have fallen 40 per cent to $110 barrel, we are paying Rs 68 per litre of petrol. There is no clear formula or justification for this kind of price increase.
How will the public survive when the expenditure is more than income?
The government charges tax which makes the oil rates look so increased, the government should tend to decrease the tax rates to a maximum level so that the general public may be satisfied by the act of the government.
Is this government is working for the benefit of Public or for what?