I was travelling on a plane some time back, and a Co-passenger told me why petrol prices should be half of what they are. I explained how state taxes eventually help in plugging deficits (which are still vulnerable), how you need precious forex reserves to buy crude, and also we don't subsidise petrol anymore. Then he responded, "but petrol is selling at Re 1 in Venezuela". I closed my eyes and went to sleep. Now I realised its media who is responsible for this idiocy.
Matlab people stand in a miles long queue to get a loaf of bread, millions have fled the country, currency is worthless, inflation at 100000%, power plants exploding, but Indian media- Arey petrol 1 rupya liter mil raha hai.
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