A further cut in petrol price.

Discussion in 'Economy & Infrastructure' started by thakur_ritesh, Jun 28, 2012.

  1. thakur_ritesh

    thakur_ritesh Administrator Administrator

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    News flash on ToI: Petrol prices cut by Rs 2.46 a litre with effect from midnight tonight: PTI

    Our friend Sehwag would be happy, he was waiting for the cut.
     
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  3. Daredevil

    Daredevil On Vacation! Administrator

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    It would be better is Petrol price totally deregulated by government and leave it to market to decide the price based on the crude oil price in the market. The price can be changed every 2 weeks.
     
  4. thakur_ritesh

    thakur_ritesh Administrator Administrator

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    They are proposing daily price change.
     
  5. Daredevil

    Daredevil On Vacation! Administrator

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    Daily price change has too much volatility and can lead to unintended consequences like hoarding and speculation etc. There should be a buffer from such volatility and time can do that job.
     
  6. aeroblogger

    aeroblogger Regular Member

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    I think a monthly price change would be great - that way, the increases/decreases wouldn't be too steep (no 8 rupee jumps), but stability is still maintained in the market.
     
  7. Apollyon

    Apollyon Führer Senior Member

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    who cares ........... [​IMG]
     
  8. amitkriit

    amitkriit Senior Member Senior Member

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    Actually this is what they are going to do:
    a) FIrst increase the price by say 10 Rs.
    b) Then decrease the price occasionally, say after every 2 months by 1-2 Rs.

    This will give an illusion of a government doing something for the poor Janta. Expect the drama to continue till 2014.
     
  9. Mad Indian

    Mad Indian Proud Bigot Veteran Member Senior Member

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    As some one who uses petrol daily I care:dude:
     
  10. Yusuf

    Yusuf GUARDIAN Administrator

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    He is in Tihar.
     
  11. Mad Indian

    Mad Indian Proud Bigot Veteran Member Senior Member

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    Why is that?:hmm:

    NO reason was given in Banistan thread either?:noidea:
     
  12. Yusuf

    Yusuf GUARDIAN Administrator

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    Banistan thread got banned.
     

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