Discuss: What can be done against the hike in petrol price?The price of petrol again hit the market and now the price is almost 70 rupees per litre. The government is saying that the rise in price is due the decrement of the value of Indian Rupees in International market. Actually the price of petrol per litre is around 25 rupees. But when all taxes are included into the base value it is coming around Rs 70. This hike in petrol price will result in price rise of all other commodities.
One way it is right that the government has to impose the tax on the fuel. But do you know what the petrol price in the neighbouring countries. it is at an average of 30 rupees. But what is the condition in India, more than double. Only in European countries the price is more than that of India. But the life style and the basic living expense is entirely different from that of our country.
so please discuss your opinion regarding this price rise and what can be done against this.