Oil companies must not be permitted to revise petrol/diesel prices daily
India's import price, exchange rate and consumption are available at Government of India's website www.ppac.org.in. You will find that, by fooling the common man that they are buying crude oil every day, the Oil Companies are making an additional profit of Rs 5 to 10 per litre which makes them pocket around 100 to 200 crores per day as import costs based on our consumption!!
The question is, why does the Government permit the Oil Companies to revise the prices every day when countries like USA revises petroleum prices only once or twice in 6 months taking the average price?
It's time that we join together to stop the looting of Oil companies !
MLA
Ernakulam
ASHAKANTA SHARMA 
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