Felicitations! Fuel Price Cut!
December 10, 2008 – 7:46 pmGo on long drives and enjoy your journeys without any hitch of petrol expenses! Fuel prices have dwindled, and what’s more- there’s a scope for more fuel price cut!
Last week a streak of joy swept in when the Government announced a petrol price cut by Rs.5 and diesel by Rs.2. People were happy and thanked the government for bringing this much needed reform. However, there are few people who are not “so-happy” with the deduction and said they “were expecting more”.
The Finance Minister, Oops, I mean the then Finance Minister (and now the Home Minister) had indicated in February 2008 that they have taken adequate steps in getting the fuel prices down (For eg:- they made the prices of petrol and diesel equivalent to crude oil prices, reduced custom duty on fuels, etc.,) and would soon be out with the reduced prices. So we can assume that they have fulfilled their “in-between-the-line” promise.
And what’s more, this time it’s the Oil Ministry who is indicating yet another price cut. Yes it’s a mere hint, but a hopeful hint nonetheless that a key official from Oil Ministry gave. He has said that the in spite of the reduced prices, oil companies are able to make good profit from the petrol and diesel sale, which suggests more chances of price cut. So it’s a Happy-“go”-lucky news for all Indian commuters and Indian business.