The statement of Prime Minister Dr. Manmohan Singh that the prices of the petrol will not be reduced and that it may further increase has been turned upside down due to the impact of the election compulsion in UP and the other states that is going to the polls shortly. The Prime Minister justified the price hike, despite strong protest by all sections of the people. But now the Prime Minster is compelled to change his stand due to the election compulsion.
Whatever is the reason for reducing the petrol price, it gives some relief to the people. The government should further reduce the prices. Government should also cancel the deregularisation of petrol prices so that in future the prices can not go up as it has been during the last one year.