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Old 20th May 2008, 09:04 PM
mayurpathak
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Default Re: The great Petrol Price divide.

Couldn't agree any lesser. And I think one more reason is that because we can not do with out petrol, it gives all the more reason for these warlords to up the price.

As the overall prices inflate, so does petrol. But then I have always failed to understand one point. I know that inflation is a function of demand and supply. Still, why is it so that some countries show phenomenal rise in the prices where as some of them and moderate. May be the purchase power parity and growth have a say on this. And if thats the case, how come even food grains are very costly in India compared to other economically equal states?
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