Friday, 12 September 2014

A cut in diesel prices in the pipe line:

If it finally happens it is something that would occur for the first time  after 7 years. Thanks to present government led by the Prime Minister Narendra Modi. Diesel is a most consumed fuel in India and both rise and fall in its price affect millions of people in the country. The reduction in diesel prices is a likelihood as the oil marketing companies have started to make profits as a result of crude oil falling sharply to $98 a barrel followed by Indian rupee appreciating against dollar. Besides relief to consumers it may equally play a vital role in checking inflation. Indians being victims of hard hitting soaring prices in general throughout the country it may prove to be much of a relief to them. If media channels are to be relied upon, such a measure of relief has every likelihood for its implementation by the end of the current month.

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