The rise and fall of petrol

As published in free press indore edition on 13th August.

The Government has forgotten all logic and reasons , it had put forth at the time of  deregulation of  petrol prices, specially the assurance of a floating price regime based on international crude oil prices. It was the only consolation   that whenever the base price will come down ,  relief will be passed on to consumers, but at the first sight  government has made its wicked intentions clear. As indicated by the  finance minister government  is in no mood to pass on the benefits of lowering of  international crude prices to the people at large, instead it will oblige the oil companies for making up their earlier losses.

Well said, Mr.Finance minister. Next time whenever you will reduce  taxes on any commodity in your budget, rest assured , respective industries or companies will adjust their losses too. You were also quick to anticipate  the momentary gain of  diluting inflation but this will not undo the permanent impact of high inflationary  fever in the past two years. Do you have any plans to make up those earlier losses ?.  Go back five years , calculate the inflation at 3 percent per annum and bring the prices to that level , then only the oil companies be allowed to compensate their losses.

We, the poor and middle class of this country will never forgive or forget you for this dubious growth theory persued at the cost of inflation because the growth is not evenly distributed however  the inflation isssssssssss.

Bharat Sharma

C-44/8 , Rishinagar Extension

Ujjain