If you had closely read the newspapers yesterday, you would notice that there was a news article that claims that all the major car manufacturers in the country are shutting down the petrol engine production and hence stopping the production of petrol variants of all their cars invariably. This will definitely reduce the demand for petrol. But would it reduce the price of petrol significantly?
It is also told that these car companies are also offering huge incentives to push off all the petrol variants in their inventories as of now. Would people actually buy petrol cars without considering the long term running costs, just because the cars are damn cheap?
It is also reported that these manufacturers are not just stopping their petrol variant production, but they are also about the compensate the loss in the number of units to be rolling out of their plants by doubling the diesel car manufacturing capacity. Now, wouldn't this increase the demand for the diesel and hence increase its price in about a year or two? what do you think?
