In India, if there is a surge of Rs 20/- per litre of the petroleum products, there would be immediate hike of Bus - fares and Taxi - fares irrationally and for which there is no regulatory mechanism.
Because of Russia and Ukraine wars, we are seeing a price hike of many items. Gold increased. Oils prices are going up. Rates of some other food grains and other items also are on the raise. If we can get some reduction in petrol and diesel it will be a big relief to all of us.
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