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Pump-pricing

Union Petroleum Minister Murli Deora has finally responded to pressure from within the Congress and discussed the timetable for reducing the prices of petroleum products: he has indicated that a cut cannot take place immediately, because the election commission’s model code of conduct bars pote  ....Read more

Dr. MMSBy: Rajan Shete | Wednesday , 26 Nov '08 6:54:56 AM Reply | Forward What kind of an 'economist' is Dr. MMS? He allowed petrol etc.. prices to be low when people had the money to pay for the increases, and NOW hew allows prices to be inflated when people don't have money even to buy poison! That's not all. On the one hand he s headlines by exhorting CEOs etc.. TO CUT THEIR SALARIES, and then allows salaries of PSU big-shots to nearly double, right in the middle of the worst economic crisis THE WORLD is facing! Did he really get that degree from that London school or was it a 'personsl gift' from shri Abdul Karim Telgi?
Need for immediate reduction of Petroleum productsBy: A.NATARAJAN | Wednesday , 26 Nov '08 3:55:43 AM Reply | Forward The government loses no time in increasing the prices of Petroleum products in spite of stiff oppositions from many quarters. But,when the question of reducing the prices comes, telling some reasons for the delay. This is totally unfair. The common man is today suffering due to increasing prices of essential commodities, which got triggered due to steep increase in petroleum products. I wonder whether reduction of Petroleum products is something like announcing any new welfare scheme or anything that attract votes. Its something directly concerned with market conditions like Stock market, Gold market etc. I feel that the Government is reluctant to pass on the benefit of cost reduction to the people. The government has thoroughly failed to control the cost of essential commodities and atleast by immediately reducing the prices of Petroleum products, there is a possibility of reduction in prices. The Government should not search for reasons to delay these things.
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