Will rise in diesel prices stir the Indian Economy again?

The petrol price rise in India has forced Indians to shelf their cars in garages and prefer to use either public transport or two wheelers. Some have even sold their petrol cars and bought a diesel car instead. But, the underlying fact is that diesel is cheaper as compared to petrol but cars run on diesel needs higher maintenance and has to be used frequently.

However, people are preferring diesel cars only and only because of the rise in petrol prises. The government has turned time and again turned deaf ears towards people’s demands to reduce petrol prices. The price rise of Rs7/- per litre of petrol has been reduced by Rs 2/- per litre. Is this justice, well absolutely not?

Instead of going on strikes and raising voice, which results in, to nothing but personal loss, common man has now decided to adjust with the situation. Instead of using their own cars they use public transport or two wheelers. However, this move has eased nothing else but traffic to some extent. But the Indian government seems to be working towards elevating the diesel and cooking gas prices as well but this will be done after the presidential elections.

So guys who have just sold their petrol cars for diesel ones have gone for a lost deal. They will now have to shelf their diesel cars as well. This can be even more traumatic as diesel is not used can become nothing better than a scrap.

The prices of diesel can have an impact on overall company of the country, giving rise to the price of even the basic commodities, such as vegetables and milk. Since last year June the government couldn’t raise the diesel rates as it has faced strong opposition from Mamata Banerjee. However, the state-run fuel retailers at present claim to face a loss of Rs 10.33 a litre.

This time the government has decided to take some steps and work towards revaluating diesel prices. We are very well aware how much importance the fuel is for the agricultural sector and transportation. Any steep rise in its value can have an escalating effect on our everyday life.

We cannot predict anything unless government declares the revaluation of prices. Till then we can just bite our nails in anticipation of another big turmoil that can change our life again.