It seems that the Government was waiting for the end of the winter session of the Parliament. The session ended on 13th December and the Petrol prices have been increased by Rs. 2.95 per litre on 14th. This is the sixth time that the petrol prices have been hiked after deregulation in June 2010. The govt. plea that the hike has been ordered as the international crude oil prices have risen sharply has not much meaning since the hike made is much more than the international hike. This is made to allow private oil companies to grab maximum profit.
Increase in petrol prices will escalate prices of all commodities which will cause further miseries to the common people. Of course it will allow the big business to get super profits.
The call of the Central Trade Unions to organise Parliament March on 23rd February 2011 against price rise and other demands should be made successful with maximum participation thus giving a strong message against price rise to the government.