Insight: Why is the government punishing the middle class?

| Wednesday, March 16, 2016 - 23:23
First Published |

Tonight when you the common man go to tank up on fuel prepare to pay Rs 3 more for petrol and nearly Rs 2 more for diesel. In the run-up to Holi the govt has managed to dampen your spirits.

The irony is that global crude prices have declined 75 per cent in the past two years, but you've only seen your fuel bill go down by 18 per cent.

Will it then be wrong to ask — why is the government punishing the middle class by not passing on to us the benefit of falling global crude prices?

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