Need to revise petrol diesel prices

To 72 rupees per liter and 55 rupees per liter. See attached as to why people desrrve that. Ideally they should lower the prices further by 20% as crude has reduced from 105 to 86.

But I am sure this wont happen till all of us and the 200 people in our networks demand this.

Can we, Will we? more  

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View all 17 comments Below 17 comments
The idea is well justified to make a representation from the circle to scale down the price. Unusual spilke of price of essential commodity has always multiple impact on cost of living of an individual. Govt. should introspect and reduce the duty levied on crude to keep the price of Petroleum products affordable. more  
Please also mention debt burden on Indian government from all oil importing countries from 2004 to 2014 was more than USD 100 billion , Iran itself India had to pay 75000 crores + interest when NDA took over in 2014 . NDA paid all and has USD 690 billion in reserve as well , whereas India was on verge of bankruptcy when NDA took over in 2014. with only USD 1.6 trillion dollar economy since 1947 compared to china which had USD 15 trillion economy in 2014 . WHAT SAY ?? more  
it is not the crude price but govt tax , price of deisel and pertol is reflecting in all comodity prices more  
There are many other factors going into the pricing. The US$ exchange rate needs to be looked at. Its moved from Rs 63/$ to Rs 83/US $ between 2014 and 2024. (This increases inputs costs). On th3 other hand, petrol is blended with 10% ethanol which is indigenous (decreases input costs). The sulphur content in diesel has been reduced (processing cost goes up) And to top it all, the taxes have been phenomenally increased. All this make up for a bigger bill. Even if they maintain parity in tax rates, prices can fall by 25-30%. One must not foget that in 10 years fuel consumption has also significantly increased. theer are many excuses for not reducing fuel prices. However, fuel prices drive inflation and the cost of leaving. It has as serious cascading effect. Hence, such major price jumps should have been avoided that too out of tax rate increase. more  
Llet me tell you the biggest scam in the history of India and rather world is Electoral Bond scam where the money trail has been established and BJP and Govt doesn't want to talk about and no Investigation and this is the last chance to save india from clutches of 2+2 cronies who will hijack and take back India to colonialism more  
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