And if you though they are reasonably high, Petrol prices are set to get another hike ‘soon’. According to The Hindu, the Petroleum and Natural Gas Ministry is considering another rise in petrol prices. Though, the increase might not be significantly high but anything in the quantum of Rs 1-2 is being considered. The ministry would decide upon the same after the monsoon session of Parliament in the first week of September.
The average crude oil prices are around 81$ per barrel and if they do not soften in due coarse of time, the quantum of increase might increase to a bigger number. This further creates a big concern to the middle class and an uproar is expected in the Parliament in case this decision is announced.
- Saad Khan
Get Free BikeAdvice Buyer's Guide
|
No Spam. We Promise.
{ 7 comments… read them below or add one }
Cant help it… We’re living in an era where all the great bikes are being introduced…. but cant enjoy it due to the sad policies of the people on the chair in New Delhi.
Government can subsidize petroleum products upto a certain point…after that hike is inevitable
Dear All,
This can cause hike in inflation. The reason almost every commodity is transported and an increase in fuel price ultimately increases transportation cost which will reflect in hike in commodity prices.
Thanks,
Regards,
Mahavir Kothari
As petrol price rises its a tension for 2-3 days.
Coz we cant help ourself getting attracted to numarous bikes cars launched nowadayz.
Am I right or wrong?
Oh no not again, just now we had a hike.
well….its a true fact …the increase in number of population and much use of bike have made petrol and diesel price high….hope government take any inetiative step to reduce the money of petrol so that it may be possible for middle income earning house.
oh come on…. down with the govt.. that’s it… simple..