The price of crude oil has fallen below $80 per barrel. See here.
Many of us have forgotten what the oil prices were when the prices were hiked in June 2008. Oil was hovering around $130 per barrel. See here if you don't believe me.
In February 2008, the price of crude oil was $67 per barrel.
So, are we going to see a price cut? Or is government going to make up for all the years of loss due to subsidy?
Ok ...here is a suggestion for the UPA government. This is election year. A cut in the price of petrol, diesel and cooking oil will guarantee you a return to power. Besides, this will prompt a recovery in the economy.
Remember we have a (technical) industrial recession staring at us. See here
Note: The picture used here belongs to Mike Johnson. Please go here to see more such photographs.
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