Fuel prices decontrolled

In shocking news given by the government, it has been decided to leave the price of petrol and diesel to the market and the government decided to decontrol the price. Also government has decided to increase the price of the petrol by Rs.3.50 and diesel by Rs.2.50. This was really shocking news for all the vehicle owners as the fuel prices will be fluctuating very frequently. This decision was taken as it was said that oil companies are facing huge losses. Once the prices are decontrolled, prices will not be controlled by government and the fuel prices will fluctuate on the basis of the latest market prices. I am sure that this will kindle the anger of many middle class people. UPA government has raised the price of petrol many times in its tenure. Lets wait and see the reaction of the opponents.