Crude oil price reduced to 50$ but why still indians pay for old 140$?

Price of crude oil reduces to 50 from 140.


But still our governments are not ready to reduce the price of petrol or gas.


More fun no opposition party is raising a voice?


Because they have played batter drama before.


But for simple reasons they will create violence.What we can understand from this?


Who can help us?


Crude oil price reduced to 50$ but why still indians pay for old 140$?
The Govt is still paying subsidy with the new price level, of course at $150-level the subsidy burden was unusually high. Lets give our Govt a chance to recover from the huge subsidy burden.Crude oil price reduced to 50$ but why still indians pay for old 140$?
Because the successive Indian Governments did not increase the price of Petroleum products when they were selling at from about $60 to 150 and kept the price constant for the fear of becoming unpopular. Both NDA and UPA were responsible for this anomaly and hence the Government and oil marketing companies had to lose heavily because of this. Now when the price is reduced internationally these companies are still recuperating and adjusting the losses.





Governments should not control the prices and should leave it to the companies as when price goes up people will automatically reduce the consumption and vice versa.





You have given lot of price details and hence YOU should know the real facts also about the petroleum prices. Even today the oil marketing companies are loosing money in Gas and Kerosene sails.
I feel, it would be better to raise this question to the Harward Univercity Economists of India (Yes, exactly, PM %26amp; FM of India). But, I can say, you will get the answer from them as, There is an Election in progress, and those needs to be finished by Election commission. Till then, they could not do anything.





Ofcourse, this is obvious, but, immediately after that, EC will announce the General Public election for India.
Indian Finance Minister %26amp; Pria Minstter are to quolifin


for whats time whats do?


if price crude rs. 100 up ove all part's and all members are say price incresses But why not all members say price decreasses?


Iam Account officer


My sujection to F.M. pls. Sir this is oill per lt. profit are adjusted %26amp; seteel gus grant and iam say to govt. pls. off all grants of gus.


and no need decreass price But profit of crud are Same Fund vreated for every bachlor's are not give jod Or same salry for your living life.
they are making the project to adjust the loss which accur in the past. and they are putting lot of taxes for refine.