Spare Us the Doublespeak on the Petrol Price

May 24, 2012 14:24

Almost as soon as the price of petrol was raised by 11.5% last evening, the largest single raise in India's history, Finance Minister Pranab Mukherjee made the following statement to reporters: "The decision has been taken. Petrol is a deregulated commodity." On the Wall Street Journal.

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