European countries are largely welfare countries unlike India. Majority of medical, food & educational expenses borne by Govt. So the high taxes are acceptable.
Not sure why the petrol prices are taken in Indian currency for comparison, also kindly compare the petrol prices to the Per Capita income and you will get real picture.
If rediff lacks content for their website please close down your website but dont post the old articles again and again..I am reading this article for 3rd time in a year..!!
Gulf countries can think of selling oil and buy some other products.Whereas India has enough water but we cant sell it to other countries because of our own population.So we have to export our knowledge to other countries.
How come the oil companies in India suffer losses even after charging rs 63 per liter??? when both China and US petrol prices are much lower than India.
Re: We pay Rs 63 and still Government give subsidies to oil compa
by Gaurav Kishore on Apr 13, 2011 09:12 AM
Not in Petrol dude... NO SUBSIDY in Petrol! Its market regulated.
