New Petrol Price Hike from 5th November 2011 is very bad one.it will make more inflation. Now Petrol price fixing authority in India is with the hand of Companies that they are working in this field. Now Our Prime Minister Dr. Manmohan Singh is say that , as Petrol price, diesel price, kerosene price, LPGas price fixing authority will give to their companies.
My simple request is that, Your thoughts may be correct. because you think as a Economist. Small inflation rate is the indication of growth. Small hikes are welcome. But, its too bad. Plz Organize a Regulatory Authority Like SEBI and TRAI. other-wise It will Create more Losses.
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