The Govt of india has raised the fuel price by 10% which was aired in the news channels as marginal (quaoted by Murli Deora). This has serious repercussions on the congress govt as the elections close in. Even Montek singh Ahluwaliah is not fully convinced by the rationale of government on this rise, neverthless he confessed that it was imperative for the government to put the anguish on common man .
Well, The economics of the fuel suggests that the oil prices are soaring and this burden has to be transferred to either common man or the oil companies. The Oil companies cannot take the burden as they have already taken in the recent past and now it's common man's turn. The govt is helpless. The opposition is extremely happy to see the plight of congress and they have an election issue in the right time. They would jus fiddle with the emotions of the people to get the support of the people and I am sure this will be a sore issue for the congress to deal with.
States have supported the government amicably by cutting the sales tax by about 5 percent which comes as a breather to the central and I hope this would better our lives.
Let's not look at the issue with political lens, rather give a thought to what can be done in these scenarios and let's prepare ourselves for the tough times ahead. I am sure this issue is gonna hound us for the reason that we have not anticipated such a grave situation. Only the Fuelonomics would help us and I just hope that this does not affect the common man, after all we're the wonder wall!!
Cheers
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