A petrol pump near you may hold clue to this year’s election results. The UPA lost the 2014 elections, slipping on petrol prices. Four years later, the NDA finds itself in a similar spot.
Petrol prices rose sharply in the last two years of the UPA government similar to what is being seen in the last two years of the NDA regime.
In Mumbai, petrol prices hit Rs 78.57 a litre in May 2012 and then hit a peak at Rs 83.62 in September 2013. Though there were many other factors riding against the UPA in 2014, including a Modi wave, the coalition’s inability to control fuel prices was a key trigger. Read More