Let Fuel price per barrel raise to more than$110. Petrol price of Rs70+/Liter? can be justified in india? and bandwagon of petroleum companies showing big loss in billion figure. Let us assume Rs 43-45/$1 exchange rate(Fluctuating). $110=Rs4950/barrel(200Litre?) is international Crude oil Price!
Still Rs70+/litter justified? smells like scam(If it is so, then issue may figure bigger than 2G)! any opinion?