Oil Prices & Profits

Of late, the Oil Companies in India are crying wolf about the subsidies/prices and losses on Petrol, Gas, Diesel, Kerosene, Naphta etc.!

Now the cat is out of the bag--they have declared huge profits for the last quarter of the previous financial year!

But now the Government says, it will decontrol the prices of the oil and oil products!

To help whom?

It says it will interfere only when the rate per barrel of crude crosses a certain level!

If it remains just below the level, and the oil companies go on raising their prices, what is the fate of consumers and the economy?

G O K!