from Yesterday ,there are news that parikh commission has recommended to decontrol the fuel prices.
Government has chosen wrong time to fix a commission for recommedations.
In current situation govt is not in position to decontrol the fuel prices.High inflation and commodity prices are culprit.
In this time if govt finishes subsidy on petrol and diesel ,there will be hike in inflation, which can crete more panic and govt has to come up with increase in interest rates.which directly or indirectly will effect the growth.
Crude will come down ,due to non recovery of economy in other world.
And then the govt will have chance to deregulate the fuel.
So in my view dont run Up to buy refinery or gas stock for a while.
Government has chosen wrong time to fix a commission for recommedations.
In current situation govt is not in position to decontrol the fuel prices.High inflation and commodity prices are culprit.
In this time if govt finishes subsidy on petrol and diesel ,there will be hike in inflation, which can crete more panic and govt has to come up with increase in interest rates.which directly or indirectly will effect the growth.
Crude will come down ,due to non recovery of economy in other world.
And then the govt will have chance to deregulate the fuel.
So in my view dont run Up to buy refinery or gas stock for a while.
