Financial Daily from THE HINDU group of publications
Monday, Jun 06, 2005
Financial Daily from THE HINDU group of publications Monday, Jun 06, 2005 |
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Opinion
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Letters Oil price hike
With world crude oil prices on the rise, the Government is under pressure to increase domestic prices of petrol and diesel. The Left is against the hike and it suggesting ways how best to minimise the impact of the proposed petrol price hike. If the suggestion of the Left to suspend road cess is accepted, it may eat into funds allotted for development of roads. the The Government depends on the sector for revenue. The Oil PSUs, could perhaps, cut down on their massive advertising expenditure. The rise in the number of cars purchasedmeans that there are people who can afford high costs. So for the rich, increase in oil prices may not mean much. But to the middle class the increase will make a huge difference. A. Jacob Sahayam Thiruvanantahpuram
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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