The sudden impact of govt announcement of increasing petrol ,diesel and LPG prises from today midnight can be seen on petrol pump with long queues.People already suffering from inflation ,this step just added salt to their wound.Fear of fuel hike and further rise has already brought the sensex down by 400 Points But the common men knows nothing about sensex ,world economy .what he knows is bread ,butter and good living condition.(Roti Kapada Makan ).
The UPA government is unable to provide the same ,this doubts its competency enough to handle this situation? The govt should have increased the price in small steps but it waited till the situation worsened . Most probably aftermath may be felt by UPA govt in election next year.
The PM response to the above issue "This global Oil Shock has imposed a huge burden on our finances and on the financial resources of our Oil Companies."
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