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Q.

If prices of Petrol & Diesel R rolled back, then is it a reality that prices of food items will also roll back substantially ? or is it just a gimmick ?????

Tags: food, money, food items
Asked by ranjan mitra, 01 Mar '10 09:30 pm
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Answers (4)

 
1.

If the recent increase in petrolium products prices is rolled back , the prices of food and other essential items may not rise further but it will need many more steps to reduce the prices of food & other essential items.
Answered by HEMANT MEHTA, 01 Mar '10 09:33 pm

 
  
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2.

No, It will be just a blessing in disguise
Answered by shalini, 01 Mar '10 09:32 pm

 
  
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3.

Food prices were on the rise even before this fuel price hike......the ministry had not taken adequate steps to control the rise in prices and blackmarketers were making merry........Also comodities trading on stockExchange Cnx has been a factor of speculation in prices and rise in prices...
Answered by Kuldeep Khatau, 01 Mar '10 09:38 pm

 
  
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4.

Common men who are earning even upto four or five lacs per year will face great erosion in their purchasing capacity due to relentless price rise in all commodities and essential services. Current rise in fuel prices will add fuel to fire. If we calculate the cost of all essential goods and services required by a common men family at cost price on 01.01.2009 and compare the same with that of today we will find that there is at least 100 percent rise in living cost of same standard for the same family.

There are some employees who are partly compensated by increase in Dearness allowance by their employer. But most others who are not compensated by increase in DA or increase in salary in private sector are the worst sufferer. Since there is no rise in annual income of most of employees, farmers, labours, daily wage earners (minimum wage not increased), barbers, cobblers, tailors, hawkers, small traders, professionals and so on, even NREGA beneficiaries, they are to cut their living co ...more
Answered by Danendra Jain, 07 Mar '10 05:31 am

 
  
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