09.01.06
Government may revise the fuel prices quarterly
Government may revise the fuel prices quarterly
Indian government is planning to make a model in which the fuel prices in India at for the retail consumers will be revised in every 3 months. After seeing the steep rise and falls in the oil prices in the recent past, the government is planning to take such a decision.
Our Review: This would mean that the government would first study the oil prices in the previous quarter and then after studying the pattern, the fuel prices will be decided for the next quarter. One fine day we may see that everyday we’ll have to open the newspaper and see the oil prices for the day like it happens in Gold and Share markets.