Crude has slipped and dived and plummeted from its high of $147 a barrel to less than half that to $68 as of today. A few months ago when the Indian government raised the price of petrol and diesel, our Finance Minister, Mr. Chidambaram had told news channels that the price was fixed for $64 – a barrel price.There was lot of opposition to this move, especially by the Left. Then there were many discussions on why the government didn’t let the market decide the price for fuel.
In my opinion, there is no better time to make that amendment to our fuel policy. This will ensure that we no longer have to bear with discussions and heated debates on various news channels whenever the govt. plans to put a price hike into effect. This will also help save lots of wasted expensive Parliamentary hours, which hopefully would be put into better use. Mr. Chidambaram – Please do it !!
