The government increased the prices of petrol by 5 paisa and that of diesel by 4 paisa a litre.The hike in the fuel prices will come into effect from past few days but most of the people are unaware of this .
Current fuel price in the city of Hyderabad, India on 1st June 2008 :
Current price of petrol now in city of Hyderabad is 51.10 rupees
Current price of Diesel now in city of Hyderabad is 34.98 rupees
More over due soaring oil prices in international market petrol and diesel prices are expected to rise soon again. Well but most ordinary citizens are unaware is that current price includes whopping tax amount which goes directly to the Indian government. I wish Indian government can reduce their profits and help the people rather than increasing the prices.
Well increase in fuel price has one advantage , well people will think twice before wasting fuel there by reducing vehicular congestions on roads of india as well reduce the noise and air pollution.
But the most dangerous consequences ( disadvantage ) of increasing the fuel price will lead higher inflation rate , thereby increasing the rates of all basic commodities too .
Well based on the current scenario rise in fuel prices is well on cards of Indian government as early by 5th June 2008
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