With oil prices headed to 150 $ and beyond per barrel, the need of the hour is for our petrol and diesel prices to reflect that, so that people will adjust their consumption and when demand falls, prices will fall too. That's how the market works.
Instead of taking the decision, our politicians, including our so-called economist prime minister keep procrastinating, thus ensuring that we pay a much higher price for the indecision in the future.
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Prices have fallen because demands have fallen. So a Rs 15 hike becomes a less than Rs 5 hike.Benefits of procrastinating-Indian un-commonsense- whatsay?
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