Hyderabad: Fuel Price @ 01 July 2009

After the increase in the fuel prices, current price of fuels as on 1 st July 2009 are

Current price of petrol now in city of Hyderabad is 50.00 rupees

Current price of Diesel now in city of Hyderabad is 36.07 rupees

But the question is was this fuel price increase necessary by the government of India when the sales taxes could have been reduced to save the common man from extra burden. Every indivual will say NO to fuel price increase except the goverment officials . Indian government should work out plan and get the cheap fuel from Iran as early as possible to reduce the fuel prices. Moreover the commercialization of natural resources from our seas should be banned and government should take over the resources and provide it at actual price .

Disadvantages of fuel price increase :

1. Cost of local transportation will go up.
2. Price of all the basics commodities will touch the roof.
3. Rise in inflation.
4. Discouraging people to setup new bussiness as the transportation costs will go up.
5. Costlier electricty from generators in case of power failures.

Advantages of fuel price increase :

1. Lesser fuel consumption.
2. Lesser carbon foot print.
3. Healthier atmosphere.
4. Reduction in global warming.
5. Proper utilisation of fuels and lesser wastage.