Haneef, Puttur / Dubai

People should understand from this that, Oil price increase is not affected only India .. Even the oil producing countries are affected. I feel there is no point in blaming our government when the oil price in the global market raised. I feel always opposition parties should use their brain and practicality before they comments / call for strikes. Opposition parties support the government in state / center when the ruling party do something good. Its quite unfortunate that , opposition party means oppose whatever the government do !!!

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Thomas Pascal Andrade, Valencia / Toronto

There will not be any hue and cry when the UAE or any governments in the Mid-East Countries increase the prices at gas stations, because these countries are ruled by the monarchies. I remember more than a decade ago the price of gas per litre in Saudi Arabia was 0.33 Halalas or one-third of a Saudi Riyal, which was abruptly increased to one Saudi Riyal, thus increasing the price in three folds. Saudi Arabia has a huge reserve of oil where buying a bottle of water was more expensive than buying a litre of gas. In spite of this, it did not hesitate to increase the price. If this type of price increase happens in India, can one imagine the situation?
Oil market is a fluctuating market and the prices may vary depending on world demand and other situations like war, terrorist strikes, etc. When the price of gas nose-dived to $ 10 per barrel in the 80s, many oil-importing countries like India immensely benefited and when the price sky-rocketed, the foreign-exchange reserve of oil producing countries increased to manifold.
The countries like the U.S. and Canada change the gas price based on international market and the retail price at gas station is changing on day-to-day basis. I paid $ 1.37 per litre last month and a couple of days ago I paid only C$ 1.24. Even though India does not increase (or decrease) the price on day-to-day basis, it is bound to increase the price sooner or later as it cannot sustain selling oil at cheaper rate than the cost of the oil it incurs.

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Ashok, Mangalore/Bangalore

I believe fuel prices should not be controlled by the govt and must be left to the OMC's to decide (ofcoz with sufficient checks and balances by the govt).
The current subsidies on fuel is like a ticking a time bomb, which will cost the future govt a huge deficit and loss.

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kannadiga, mangalore/dubai

Dear all,
just to give an idea about UAE....oil producing country etc... the oil produced by only in Abu Dhabi, i.e. by ADNOC, a national oil company, whereas Dubai oil companies, such as EPPCO, ENOC and EMARAT owned by Dubai Government but it is in the form of a trading and oil, lubricant, aviation, terminalling business activities.

The crude being hedged or purchased from Internatonal as well as from ADNOC companies and being sold in the retail stations owned by these companies hence, it is like Reliance Ind in India (how finally it had to close more than 1000 odd retail stations), what is allowed to sell in the market is less than the 1/3rd price per litre causing loss of billions at the end of each year.

The Dubai Government is subsidizing its companies for sale in Dubai Emirate, whereas other Emirates like Sharjah and other Northern Emirates needs to provide the subsidy for selling the fuel in their respective Emirates...this is all the fight and closure of EPPCO/ENOC stations in Sharjah/Northern Emirates.You may read one more news article on this in tomorrows (6/7/11) newspapers dont be surprised...

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jossy, abudhabi

if petrol price will increase sure that all the food price ,taxi price will increase...but no salary will increase...finally we normal people will suffer in all the way....no option..work work until your ....................

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Ahmed, Mangalore

Dh18.50 a gallon? (that is Rs.55.00 per liter). That will surely reduce some traffic jams. But, there won't be any protest against price hike as it happens in INDIA.

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DON, udupi/blore

now nagesh nayak will say this is bz of CONGRESS govt lol

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Lancelot N. Tauro, Manglore - Doha Qatar

why no strikes, bund's oh yaa its Gulf Country... no political parties.

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Joseph F. Gonsalves, Bannur, Puttur / Mangalore

UAE being petrol producing country increasing petrol prices???
No wonder India has only 30 percent of production of petrol.

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