Oil Prices lower for longer likely!

[vgane]

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[tbs]

hi

some oil rich countries (OPEC) are going bankruptsy very soon .....

 

[Rangachari Sampathkumaran]

This is high time India takes deep and sensible stock of the situation by increasing the stock holding and try to reduce the retail price of Diesel and Petrol, so that it brings down the prices of essential commodities and the railway tariff in the ensuing budget. The middle class is the worst hit, whatever happens around the globe.

 

[asadu]

Words spelt out and price once increased can never be brought back. So, I vehemently oppose the suggestion to decrease the oil prices, as they would never bring down any relative products down. The auto fare/bus fare/air fare or fmcg goods or for that matter any price of any commodity would never come down to its relative level citing other factors. But on the other hand, when the oil prices get increased, these prices would get jacked up. It is good that the gap in oil price is used to finance budget and infrastructre projects, and infuse funds to looted PSBs of the country.