Why does the govt have four PSU selling petrol. instead it can merge all of them and have one entity. This will help reduce cost & reduce petrol prices. Also, the govt should grant declared goods status so that no state can charge more than 5% vat

its already expected ....

It is immaterial now whether or where the petrol or the diesel headed or which way; the middle class or the upper middle class- who coined this term or the source of it is immaterial but what is material is that this the class which is always under the yoke tilling an arid land and is the main target for taxation and what ever little comforts it manages:the moment there is a feeling of warmth in the belly out comes some tinkering which leaves a solid blow in the solar plexus and that little bit of comfort is gone and back again those unfortunate oxen back to the arid stuff.It is better to be a lower class (if there is a middle there has to be lower) which gets some sops and populist crumbs once in a while- come election time or be in the higher or super high groups who can merrily hoodwink and feather their nests some were in Swiss Alps or the cheapest variant: Mauritius

i was holding sintex since a year and it was really painfull today as i had to sell the stock for not havirng sufficient margin ...i bouhgt them , 5000 shares @ 78 .. sold today @ 56.70.. loosing almost 1.10 lakh rupeees.... i got tears in my eyes .. coz i klost my hardearned money in this unehtical and poor coprorate governace compnay ... which has looted public money

Cutting down fiscal deficit.

YES, THIS IS CONGRESS, EVERY THING IS POSSIBLE

Petrol price hike in the last 2 occasions was unexpected, as the crude prices and $ vs INR was stable for the last 3 months. The reduction of petrol by Re.1 was shorter than expected, where as the diesel price is more or less on the expected lines (@0.50 per month). There were no surprises in this. Now the FM has understand the ploy of OMCs in pricing and hence requested them to stick to Export parity pricing. This will curtail, the price pading by OMCs to get more compensation. OMCs are pushing the current method through Oil ministry, stating that Export parity is disadvantageous to them. Once this is set, the under recoveries will come down substantially.

Nothing New. Its always happening to cheat the people. Crude is hovering around USD 110. What was justification of last two increase in petrol prices?. They will again increase the prices of petrol if Crude crosses USD 115 by Rs.5 per litre is 2 or 3 attempts. Nothing transparent, its loot by OMC, Central and State Governments

The basic fact is that retaining the political power and retaining the ruling power itself are difficult among the opponents. Hence all their concentration are diverted in maintaining them. So, to administer the Nation, by developing the economy, is very difficult. In such circumstance wide fiscal gap is a spontaneous development. Most of those who are in power and those who are authorities are all more powerful than super computers in analyzing various and different identities to earn revenue irrespective of considering the overall prosperity.

Yes we can expect this effective from midnight today.

yes, it is likely hike, not to be surprised.

Only such moves are expected as diesel sells are very high than petrol .

yes

offcourse!!!!!!!!!!!!!!!!!!!!!

yes expected coz of govt, policy on diesel and petrol coz of drop in crude prises

Expect the un expected is way of life, who expected so much population growth ? Every caste and sub caste is grrowing it`s population on fear of it being marginalised, every individual is accumilating money for some uncertainity, every individual suspect other so on society has changed, demands have changed, politics changed why not petrol diseal