Dehradun, May 17 -- It is naive to protest the hike in fuel prices as though these could have been avoided. It was a given that, once the assembly elections got over, the difficult decisions would begin to be taken. First, of course, the appeal by the PM to adopt voluntary measures that would reduce the burden on resources, as well as curb outflow of foreign exchange. Now, part of the burden of rising oil and gas prices is being passed on to the consumer. The capitalist countries of the developed world did so almost at the start of the present crisis.
Also, in the early days, it was hoped that the Strait of Hormuz conflict would be resolved in one way or another. Unfortunately, this has not happened and the world is witnessing an impasse t...