The behaviour of fuel prices in India is falling into a regular pattern. Three distinct patterns emerge, relative to elections in the country in the price movement of petroleum products. These phases fall into pre-election, election and post-election scenarios. The pattern has been repeating itself ad nauseam even as the government claims that the prices are a function of the market forces and neither government nor the producing and marketing companies have any role in them.With the results of by-elections to three Lok Sabha and 29 assembly elections in 11 states already out and a crucial round of regular assembly elections in some of the most important states, including Uttar Pradesh, around the corner, on the one hand, and international crude prices on a relentless climb, on the other, all the conditions required for the pre-election phase to begin play have been fulfilled. And this means that the second phase is on its way.The behaviour of fuel prices in India is falling into a regular pattern. Three distinct patterns emerge, relative to elections in the country in the price movement of petroleum products. These phases fall into pre-election, election and post-election scenarios. The pattern has been repeating itself ad nauseam even as the government claims that the prices are a function of the market forces and neither government nor the producing and marketing companies have any role in them.With the results of by-elections to three Lok Sabha and 29 assembly elections in 11 states already out and a crucial round of regular assembly elections in some of the most important states, including Uttar Pradesh, around the corner, on the one hand, and international crude prices on a relentless climb, on the other, all the conditions required for the pre-election phase to begin play have been fulfilled. And this means that the second phase is on its way.
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