Monday, January 17, 2011

Adding fuel to fire

Adding fuel to fire
The latest increase in petrol price made effective from the midnight of 15 th January 2011 has added fuel to fire and the apprehension of the people that the Government is least concerned with the inflation affecting the masses and the middle class people is confirmed. The timing of the price rise is most inappropriate as the people have not come out of the shock of the high food prices in general and onion prices in particular. The justification for oil price increase may be due to the increase in the international prices of crude oil, but it is cruel on the part of the Government to pass it on at this juncture when people are already suffering from unabated inflation for the past months. This approach only reflects the Government's lack of concern for the masses and inefficiency in managing the economy. Oil price increase ( at frequent intervals) will have chain effect and there will be all round increase of prices for all commodities and services in the economy. When this vicious circle of increase of prices will have a break is the worry of common man ?
Dr.T.V.Gopalakrishnan

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