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Q.

Why Govt isn't the deciding factor of pricing petroleum products? Why does the petroleum companies do that as per their whims?

Tags: money, education, deciding factor
Asked by Manas, 23 May '12 11:45 pm
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Answers (6)

1.

This is only to rake in more moolah i.e money so that they can have bags full of it. These are only money making selfish people in power & gone are the days when there were real poiticians who fought for the common man!!
Answered by dharamender nebhnani, 23 May '12 11:55 pm

 
  
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2.

Govt. has de controlled the prices of petroleum products, depending on the international prices the companies will raise
Answered by veeravenkata satyanarayana, 25 May '12 01:55 pm

 
  
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3.

Aisa hi shikar chalta raha to sab ek din endangered ho jayege
Answered by babu rao, 24 May '12 09:45 am

 
  
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4.

To avoid Government subsidy petroleum companies allowed to do that
Answered by anantharaman, 24 May '12 09:40 am

 
  
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5.

India is not a Communist country where everything is done by govt and the citizens are only workers who are given salary.
India is also not a Socialist country where, even though private enterprise is encouraged but govt keeps also participates in business activities to a great extent through PSUs. Prioir to 1991 India was a socialist country under Nehru's socialistic regime. It proved to be counter productive and in India, from Industry to Agriculture both became stagnant and private enterprise was given total protection from foreign competition. That resulted in stagnation in innovative ideas and things were in a bad shape.
In 1991 when MMS became the Finance Minister under PV Narsimha Rao PMship, they discarded Nehruvian Socialism and brought openness and free market policy in the country and that paved the way to progress which we all boast of today. These reforms are not taking place at a faster pace and that is the cause of most of the ills the country is facing today.
Answered by QueSera Sera, 23 May '12 11:57 pm

 
  
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6.

Govt says they have decontrolled petrol prices but fact is that prices are being controlled by govt. even now. There is nothing transparent in petrolium pricing.
Answered by Jyoti Gupta, 23 May '12 11:57 pm

 
  
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