Time to remove APM

I think this is the right time for the Indian government to remove the administered price mechanism in petrol/diesel prices. I cant understand why the government should give subsidies to people who have huge cars or even bikes for that matter. With no elections near by and inflation at a 14 month low at 4.03% and expected to go down further, the government can easily pass on the mantle of setting petrol prices to the private sector and by the time the 2009 elections come, no body will think of the govt as the price setter for fuels and it can easily withdraw itself from the blame of high fuel prices in a market economy