Petrol Price Hike Pushed for a Few Days
We have constantly been reporting about petrol prices in India and day before we brought to you the news regarding an immediate Rs. 5 price hike. Much to everybody's relief, the latest on this is that this price hike has been put on hold, as the Oil Minister, Jaipal Reddy confirmed. This hike in prices is due to the pressure of the State-run oil companies who are requesting for an increase in diesel, LPG, kerosene and petrol prices since they are incurring a significant loss.
Mansi
Published On Sep 10, 2012 10:22 IST
Published OnSep 09, 2012 14:43 IST
Last Updated OnSep 10, 2012 10:22 IST
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Mr. Reddy also commented that the fuel pricing was a classic case of “Politics defeating economics”. As he already has moved a note for consideration, the decision is likely to be taken by the cabinet during its meeting sometime next week. Like already mentioned, the oil companies are losing nearly Rs. 2,00,000 crore an therefore steps are likely to be taken to reduce this deficit as our Oil Minister said some difficult and painful decisions have to be taken.
For the time being, it’s a sigh of relief for the Indian common man for a few days at least, but for how long it lasts, we’ll soon find out. Here is one, hoping for the best…
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With an educational background of Advertising and Branding and a family background of Automobiles, Mansi Malhotra has passion for writing and an enthusiasm for cars burnt into her. A happy go lucky girl, with an immense love for media and branding, she worked in varied fields related to Media Communication ranging from being a journalist for a daily newspaper to the post of Assistant Director for a creative documentary for Doordarshan. Later, she channeled her enormous energies into sales, event management, media planning and then moved on to mainstream branding with an Advertising agency.</p>
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And now she has decided to put her passion for automobiles to use at CarDekho to further a career in automotive journalism. Known for being highly energetic and creative, she is currently making a name for herself in the CarDekho editorial team as a news hound.</p>
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