A few weeks ago, the people of India were gifted with one of the steepest hike in petrol prices; a hike of about Rs 7.5. This came as a surprise to many while some commentators argued that this was a natural hike. While the Indian people have been quietly protesting (in their drawing rooms) the continuous hike in petrol prices that came after its deregulation in 2010, this time the protest was much more vocal due to the steepness of the hike.
