The lack of infrastructure is already hurting urban space dwellers. The groceries are costly, house rent is costly, and maintaining a decent lifestyle seems no more affordable. Why has the government taken such a step when oil prices have stabilized in the international market and western countries are actually contemplating a roll back? The rise of oil in India will have a cascading effect on various sectors.
Whatever were the government’s intentions, the rise is going to be a big burden on the common person. Honest taxpayers have to bear the brunt of inefficiency by the government in virtually all departments including energy resources. My entire plans of getting a new car and letting go of my used one is now foiled, because I was already on a tight budget. A few more hikes in prices and maintaining a car will become a luxury that only the Maharajas in the past could afford!
Article Submitted by India
Labels: car maintenance, Diesel, Government, Petrol, taxes
1 Comments:
I agree that petrol price hike is hurting us. But consider this India is purchasing 70 percent of its oil from other countries and with crude oil touching $100 a barrel. They just had no choice. Actually they postponed the decision till the last minute. Western countries can afford it, but India is yet to overcome its deficit. The only way out of this mess is if government creates affordable, good public transport. Half the cars from roads will vanish off.
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