Minor price rise will be digested without too much political fuss (but will increase the inflation even more!).
However, as far as shortage is concerned, the easiest way is to get rid of policies that penalize private players like Reliance, and let them compete on equal footing with IOC et al.
I am sure Mukes-bhai can negotiate far better deals with the Chevron, Exxon, Shell cartel in Iraq than the combined babudom of MEA and PMO. |