@rajat101@NakuulMehta@kkumbhat@anaggh@sid_raman@26nb11@GabbbarSingh - I'm sure the Govt. or Oil Distribution companies already buy Oil futures for hedging, but not for profiteering and shall continue to do so. But this way it can buy Oil today and share the benefits with the people!
@rajat101@NakuulMehta@kkumbhat@anaggh@sid_raman@26nb11@GabbbarSingh My analysis was an extension to the fact that the Govt. is already looking for additional capacity for storage for Oil following reports of the Govt. saving thousands of Crores by storing Oil on Oil tankers for future use. cont-
@rajat101@NakuulMehta@kkumbhat@anaggh@sid_raman@26nb11@GabbbarSingh -Cont -I'm sure the Govt. or Oil Distribution companies already buy Oil futures for hedging, but not for profiteering and shall continue to do so. But this way it can buy Oil today and share the benefits with the people!
@PMOIndia@narendramodi@FinMinIndia@nsitharaman I hope all the stakeholders in Govt. must look at this article and try to take some immediate actions to get the benefits of lower crude oil prices.
@KhubPetuk1@NakuulMehta@kkumbhat@anaggh@sid_raman@26nb11@rajat101@GabbbarSingh You're right, but the Government could come up with a scheme of allowing only vehicles of registration numbers ending with say 1or 2 on Mondays, 3/4 on Tuesdays and so forth. Plus this will last for atleast 2-3 months, will help in thinning out the traffic at the fuel stations.