Petrol Price Rise: Facts UPA Government isn’t admitting

Column by Vilas Nayak  - On September 15, 2011 Indian state owned oil companies increased oil prices by INR 3.14. According to officials “fall in the rupee has increased the cost of importing the crude oil.” Besides, “Every rupee depreciation, the under-recovery (revenue loss) increases annually by around INR 9,000 crore.” they added. At oust More...