Runaway Petrol Prices having cascading price spiral of essential commodities.
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Since June 16 when the concept of daily change in petrol prices came into effect, the price of petrol has increased by almost Rs 8 while prices of crude have been continously falling.
Also the dollar, price is falling.
For the, first time, for any commodity, taxes are more than the actual cost of, the commodity!!!!!!
There is a wide difference of Rs 8 to 10 between Petrol price of Mumbai and Delhi. It should be ONE COUNTRY, ONE PRICE.
Petroleum products should be brought under the ambit of GST without any CESS.
Cascading price spiral will come down and prices of essentials will stabilise at affordable levels if GST is applied even, at 28%. Common man will say, acche din aagaye!
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