why Government rise the diesel price

POSTED BY Narendra Mulay ON September 26, 2012 10:50 am COMMENTS (2)

2 replies on this article “why Government rise the diesel price”

  1. Dear Narendra, May I know your yly income please?

    Thanks

    Ashal

  2. somasekhararaom@gmail.com says:

    Hi,

    Tell me one reason why Govt shouldn’t rise the diesel price ? Govt import oil at high price from other countries and selling us at low cost ( Subsidies ). So our trade gap has been widen for the last one year, this could weaken the Rupee to all time low. So govt impose taxes to reduce the consumption.

    Many oil companies are in profits now. So they can expand their business and invest on R&D to invent New oil blocks, upgrading to New technology …etc. Recently we heard that ONGC Expanding the company.

    Thanks,
    Sekhar

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