Let me explain. We know global oil prices are going through the roof. Indian oil companies, dependent as they are on importing some 80% of their crude are bleeding. The price of petrol has been raised, as the joke goes, to make it more expensive than beer.
This also means that the differential between petrol and diesel price has grown. It makes even more sense for the next car buyer to buy an expensive personal car – perhaps even a Mercedes Benz – but run it on diesel. It even makes more sense to buy a fuel guzzling SUV and run it on subsidized diesel.
Saturday, January 22, 2011
Subsidizing Diesel is Causing is Causing More Health Problems !!
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