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Price Hike in Petroleum Products

As we all knows that recently government increased price of Petrol, Diesel and LPG cooking gas due to increase in international market from last many months and increasing pressure of Oil Companies as the companies are going through very rough phase. The question arise here is how this price hike will affect the common man especially the middle class of our semi-urban and urban cities who is already under tremendous pressure due to high inflation rate. Prices of all basic commodities have increased in last two-three months. Even though the government is planning to implement the sixth pay commission norms but it is not finalized yet and what will happens with peoples working in private sector.

One of the factors behind increase in prices of crude oil at international level is trading/future trading of the same according to views of some experts. But I don’t understand why all the governments are not taking steps to stop/ban/control trading of same.

I think government should have control the prices of LPG because it is a essential basic commodity and must start the research of alternate energy sources on urgent basis to save the nation from future crisis. In alternate sources we should not depend only on nuclear energy but some new initiatives need to be taken care.

Please send your views about the same.