Wednesday, June 04, 2008

R.I.P to Petrol at 50 bucks!

Here’s R.I.P to petrol costing Rs. 50. It’s going to cost 5 more bucks from today.

With petrol prices subsidized by 15 rupees to the common man by the oil companies, I guess even days when prices are going to be in the range of Rs. 50 to Rs. 60 is numbered. It’s going to be Rs. 65 soon – may be in a couple of months. Days when the middle class (not the upper middle class, mind you) can travel in airplanes are over. Sure, there is going to be Deccan and other erstwhile low-cost carriers, but they aren’t going to be low-cost anymore.

So here’s R.I.P to days of cheap travel, cheap air tickets and cheap tour packages. Wish I were in Venezuela!


At Wednesday, June 18, 2008 10:11:00 AM, Blogger Unknown said...

You know what the sad part is, it is affecting the end consumers the most. Take for eg., autowallahs in hyd, they hitched the meter rates from 10 to 12, and 6 to 7 (for every extra km). Effectively a price raise of 15%. Itll be a nightmare to travel in autos the moment it hits 60!


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