Petrol Price Hike – The Myth of Subsidy!

Petrol Price Hike – The Myth of Subsidy!

The Petrol Price has been hiked by over 10% overnight, and as usual, specious arguments about “loss making Oil PSUs”, “sharp depreciation in Rupee” and “Government cannot subsidize the Rich for their petrol cars” are spouted to justify this humongous hike! A quick 101 on the building blocks of the […]

 

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