Friday, January 30, 2009

Fuel prices!! Rise and Fall! Myth?

We are facing another fuel price reduction ( which is a rarity)...but the customer does not get the immediate benefit as the fuel is being sold only at the earlier prices till the so-called stock gets finished. But the irony as you all know is the harsh fact that  you see an immediate correction in the price if it is hiked or the fuel bunks run dry suddenly. You find it impossible to bring these culprits to the book. There is absolutely no relation between the global fuel price and the domestic price. The price fixation is to the whims and fancies of the oil companies which need to rake in profits at the cost of the public who pay through their nose - the unreasonable fuel price.  That the diesel price rise has a snow balling effect on the entire commodity prices is a well known fact; yet this is overlooked just to give the oil companies the profits. What an economic shortsight! Now having an eye on the elections the much delayed price correction is made not for the suffering public but for the votes...What are we going to? God help our nation and our resilient??!! economy??!!

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