Tuesday, 1 May 2012

Oil Prices

The Crude oil prices are fixed at NY/London/Singapore who do not produce a drop of Oil. The Oil producing nations have no control either on price or output. Ban in trading of crude oil on commodity market will bring their prices down by 50% from current level.

In India all states should follow the Goa pattern. Reduce taxes on Petrol/Diesel and balance tax inflows by increasing taxes on Alcohol / Cigarettes / Gutkas.

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