Fuel price and the

We all know that the crude oil price is skyrocketing globally for many months now and our oil companies are reeling under a heavy financial burden. Just to bail out these companies of their predicament this moderate price hike was inevitable and rather overdue. The situation had become so alarming that after a month or so our petro companies would not have been able to buy oil from the international market due to the paucity of funds and there would have been no petrol at all in the country. Imagine the scenario. It would have been worse. It is better to pay more for the petrol or diesel than not to have it at all. We should be a little more reasonable and think that how long the government can subsidise petro products. Subsidies have eaten away a great chunk of our resources and to continue subsidising product after product will not be healthy for the economy. The earlier we get rid of this menace the better it is. My sympathies for our finance adviser Dr Azizul Islam who in spite of his good intentions was forced to swallow the bitter (oil) pill