PETROLEUM AND GAS PRICES

A new debate has emerged in respect of pricing of gas and petroleum products due to heavy increase in the cost permitted by the government. The government should ensure that the entire data and information in respect of actual cost and how the said cost is determined is need to be transparently met. The justification based on international prices of specific products could be manipulated and may not be relevant. It is important to provide adequate and reasonable margin to the industry and business but in the same time the prices have to be regulated based on detailed cost management and curbing anti competitive position. The increase in prices of coal, milk, power and various other basic inputs require a close scrutiny by the regulator and the government. We welcome our readers to send us detailed information and data available with them or any suggestions in this regard so that Indian trade and industry and more importantly public at large is charged fair price duly regulated in a transparent and effective manner.