tag:blogger.com,1999:blog-18351191234009478982011-04-21T11:38:07.640-07:00Ashwani Gaurhttp://www.blogger.com/profile/16013316603722590200noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-1835119123400947898.post-91959836551662175052008-06-14T20:11:00.000-07:002008-06-14T21:20:03.943-07:00<div style="text-align: center;"><div style="text-align: left;">Are you scary of recent increase of petrol price and inflation ? Well .... if yes then be prepared , its just a start. Here is some analysis -<br /></div><p style="text-align: left;" class="MsoNormal">January 2002, the price of crude was averaging less than $19.50, now it is about $132 a increase of about six time. But what about petrol price in India ? In 2002 it was about Rs 30 and now it is about Rs 55 a increase of about two times.<br /></p><div style="text-align: left;">International price are increasing fast and now <a href="http://www.marketwatch.com/news/story/goldman-sachs-raises-possibility-200/story.aspx?guid=%7B4B702F7F-41F8-45F0-A133-630F12F2C764%7D">Goldman Sachs estimated it to touch about $200</a> . The short-sighted UPA government did not see it. They neither did proper measures to reduce countries oil dependency nor increased oil price because of fear of loosing vote bank.<br /></div><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.businessworld.in/images/stories/columns/omkar-graphic_big.gif"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 490px; height: 305px;" src="http://www.businessworld.in/images/stories/columns/omkar-graphic_big.gif" alt="" border="0" /></a><span style="font-size:85%;">Fig: Widening gap between domestic &amp; international oil prices (Source: Business World)</span><br /><br /></div><br />But if the domestic price is not increasing as fast as international, where is the losses are going?<br /><br />The PSUs IOC, BPCL etc. are the real looser in this game <a href="http://indiaearnings.moneycontrol.com/sub_india/compnews.php?autono=340092">they are going into big losses</a> . But how long they can sustain these losses ? May be till next general elections :P ... but today or tomorrow the oil price has to be increase and thus inflation .....<br /><span style="font-weight: bold;"><br /></span><b></b><p class="MsoNormal"><br /></p><p class="MsoNormal"><br /></p><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1835119123400947898-9195983655166217505?l=indiametamorphosis.blogspot.com' alt='' /></div>Ashwani Gaurhttp://www.blogger.com/profile/16013316603722590200noreply@blogger.com2