A further cut in petrol price.

[thakur_ritesh]

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.

 

[Daredevil]

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.

 

[thakur_ritesh]

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.

They are proposing daily price change.

 

[Daredevil]

They are proposing daily price change.

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.

 

[aeroblogger]

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.

 

[Apollyon]

who cares ...........

 

[amitkriit]

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.

 

[Mad Indian]

who cares ...........

As some one who uses petrol daily I care

 

[Yusuf]

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.

He is in Tihar.

 

[Mad Indian]

He is in Tihar.

Why is that?

NO reason was given in Banistan thread either?

 

[Yusuf]

Why is that?

NO reason was given in Banistan thread either?

Banistan thread got banned.