Political response to recent fuel price hike - absolute nonsense

I think this is something that everyone agrees with, that politics in India are nothing more than absolute nonsense.
The entire political scenario is about a few parties fighting amongst themselves, with nobody heeding to the people. The Left parties, especially , are proving to be a hinderance in the government policy. In this context, I remember one of my friends (selected for M.Tech at IIT KGP), say that they cannot expect multi-nationals to visit their campus (IIT KGP campus!!!), and that he would have to settle for employment in a Indian company. Why? Just because it is in a state ruled by the Left. The furore caused by the TATA Motors Singur plant is well known for the obvious reasons.

With regard to the latest Fuel price hike, the BJP and the allied parties have strongly condemned it by terming it as "Economic terrorism"(May be they forgot what Modi had done to Gujarat). The BJP that now demands a complete rollback of the recent hike, must have forgotten that in it's tenure, it has raised the prices too (from about Rs. 2.50 to 9 a litre of kerosene over six years; from about Rs. 24 to just over Rs. 35 a litre of petrol; and of over Rs.100 on a cooking gas cylinder) [facts and figures courtesy - The Hindu]— when the price of international crude was less than $40 a barrel in 2004 as against around $130 now. While the Industry has accepted the hike from a practical viewpoint, the parties have made a mess. All this aside, the OMCs(Oil Mktg Companies) are still losing Rs. 20 per litre of petrol!!!

For that matter,Indonesia faces a 30% hike; there are views in US that price of gas would increase from $2.50 to $3.0 per gallon, which is 20%[Facts courtesy - Google, http://www.alternet.org/story/10824/].

All this set aside, poverty is at large,even as the country has more billionaires every coming year. The question that comes to my mind - Is the political establishment hindering a better growth for India...???