PETROL AND DIESEL PRICE MAY RISE.
The price of Petrol and Diesel is going rise after the Parliament budget session, the budget session will end in May 22. The price hike is likely to be this, the price of Petrol may rise 5/- and the price of Diesel may rise 3/-.
"Petroleum prices are increasing by leaps and bounds. We cannot keep them under any carpet. If we do not take corrective measures, we will have to face disastrous consequences," said Pranab Mukherjee, Finance Minister. "I cannot entirely pass on the extra burden to the consumers.... Apart from his or her suffering individually, it will have its inflationary impact. That is also an issue which we shall have to address." he added.