Crude less than $60: Fuel Price not affected
When it comes of increasing the price, the petroleum companies in India and eager to do increase the prices of Diesel, petrol and natural gases. When the global crude prices touched $75 per barrel, the prices of Diesel and Petrol were increased by Rs 4 and Rs 2 respectively. Now when the fuel prices are hovering around $59 per barrel of crude, then nobody is ready to bring down the prices. I personally feel that there should be fuel regulatory authority in India also to control the fuel prices on monthly basis at least, like the TRAI does with the Airtel, Hutch, BSNL and other telecom majors.
February 6th, 2007 at 10:41 am
[...] Well, the time is real bad and it’s gonna be worst if our government will not bring down the fuel prices even of large falls in the Crude oil prices. I read the newspaper today and saw the Skoda India is planning to launch the Fabia into the Indian market, technically – the only variant or my favorite Accent CRDi. I would definitely love to have this car, but the dilemma is, shall I go for a Skoda Fabia or any other CNG vehicle in the same segment. [...]