May cut petrol prices by November 16, says Indian Oil Chairman.This is a hope.

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what is so special about november 16? If he can reduce the price, he can do it now...why the delay...?
Chairman have reversed the option of reducing petrol price. Even if they decide to reduce the price, it will going to be minimal i.e. 30-40 paise which will hardly do anything good.
Well there is no hope at all if the price is reduced to such a low amount.
This are the old tactics of the government and they hike the price and later on to show how much they care about the common people they do reduce it. So many times it has happened before and it is happening now and this will happen in the future too...!
correct ajay...this is pure business...if they really wants to increase 2 rupees...they will first increase 2.50 rupees and then reduce 50 paise.
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