World oil prices are at 22 months low at USD 54 a barrel. Prices were something like $3.98 a gallon in US in the start of September and now its around $ 1.89 a gallon. But there is yet no indication from Indian government of slashing any kind of oil prices. How much profit govt. wants to make out of oil. If FM can advice industries to reduce rates of their product to fight with inflation, why don’t they slash oil rates which is one of the biggest factor of inflation?
Skybehindme's Blog 