I remember the time when I moved from Bangalore to New Delhi in Mar 2004. I remember buying my car in early May that year. I very clearly the oil price then. It used to be Rs 33.71 per litre in New Delhi. The latest price hike puts it at Rs 50.52. Hence the petrol prices in India have risen by 50% in this period.
I looked at historical crude prices. Crude was trading at about USD 37 in early May 2004. It was last trading at over USD 125. That is a whopping 237%.
Can the striking Left parties tell me what's wrong with this price hike?
I looked at historical crude prices. Crude was trading at about USD 37 in early May 2004. It was last trading at over USD 125. That is a whopping 237%.
Can the striking Left parties tell me what's wrong with this price hike?
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