In those days only vehicles were given importance; not the petrol.
Prices of petrol were not at all given any importance because the person having capability to own a vehicle running on fuel was really a big deal and for such people petrol prices did not matter, in those days petrol prices were too less as compared to todays price. U must be thinking how can i compare the prises of those times with the time we are leaving in beacause it is but obvious that rate of inflation has raised hundreds of times from then till now!
But here im talking is; the prices of petrol would also have affected the people in those times as well but it did not affect them because the prices of vehicles were so high that verry few of them would aford for vehicles and because less vehicles were running in city the consumption of petrol was also less so the prices were not going up because in thos times oil and petrol companies focused on increasing sales of petrol and not on increasing margin of profit...
And one reason reason behind low petrol prices was; the companies engaged in petrol business were owned by government and petrol prices were regulated then... but now many private sectors companies have entered in this business and because of which government had to deregulate petrol prices and now the petrol prices are decided by private companies.. they are verry well aware that petrol is like water for INDIA so they dont need to focus on its sales , they just need to focus on profit margin...
There are many people who just cant stay without petrol!!
Lets take Eg. of an college student who stays away from main road, where there is no proper public transport facility like bus or ric. now this guy will have no option left with him then to bend down in front of rising petrol prices.
what he can do atmost is he will spend less on his GF or he will not RECHARGE his phone or anything else just to raise budget because now he ll have to pay more for his petrol.
In many cities like MUMBAI people come together and fight for rise in petrol prices by not fueling their vehicle for 1 day, but i petty them because doing such ridiculous activity will not at all affect the petrol companies.. because by doing such activity will cause company suffer lose of nearly about 4b to 4.5b but this loss is just a fraction in front of the profits made by them!! this loss will be covered by them within a week!!
the only way which can stop prices of petrol to rise further is the subsidy provided by government!!
if government will provide subsidy to this geedy companies then only petrol prices will remain stable...
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