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Oil's slide below $30 sends shockwaves far and wide


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Soumya Mukherji
Oil Price
by Soumya Mukherji on Jan 13, 2016 11:22 AM

Why is petrol/diesel price not falling?
Mr Modi...pass on benefits to citizens.

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Santa
Pathetic
by Santa on Jan 13, 2016 11:06 AM  | Hide replies

Crude price has fallen from USD 110 to USD 30 per barrel, whereas the price of petrol in our country has dropped from Rs. 72 to Rs. 62, just by 10 rupees. Who is making money in the process? Why is the benefit not being passed on to the consumer? The current government is more corrupt than the Congis. They are making merry at the expense of consumers.

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Rajagopalan
Re: Pathetic
by Rajagopalan on Jan 13, 2016 01:10 PM
The state govt need to reduce the Excise and other taxes.. Then only we will get cheaper pertol. State govt do not want to reduce excise as this area has high revenue for the govt. Consumer need to curtail use of petrol.

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Pramit sharma
Re: Re: Pathetic
by Pramit sharma on Jan 13, 2016 02:38 PM
Excise is not a state govt but central govt tax. please be correct in your comments

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IndieBoy Goswami
Re: Pathetic
by IndieBoy Goswami on Jan 13, 2016 02:31 PM
They are using that to get rid of subsidies. Cheaper oil would be scary. Everyone will be on car on roads which are already choked.

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