Re: reason why petrol is cheaper in islamic nations
by Jaihindbandemataram on Apr 12, 2011 04:30 PM
Why the whole world have a strong view that why you are called uncultured.
Lot of people here seems to think that cost of living and PPP needs to be taken into account, in this case it does not really make sense as crude is an international commodity and the oil producing country will not sell it to you at a cheaper price just because your country has a lower per capita income..
Even if your country earns 1/1000th the income of a western country it has to pay the same price to import oil as any other country (non oil producing) in the world... Yes the government can subsidize the oil price but at the end we the taxpayer have to pay for it anyway and it is more efficient that the direct consumers of oil pay for it rather than distributed equally among all tax payers so that the fuel resource is used efficiently and the users have an incentive to lower their use. There is no free lunch, if you use something you better pay the price it costs.. Subsidies are generally inefficient and lower the total welfare as it causes inefficient allocation of resources...
It’s only time before the remaining fuel subsidy (diesel) gets removed in India and it’s a move in the right direction…
Well, i dont understand the way the price of petrol in other countries are calculated especially in countries where the price is so high. There is no information on when was the last increase of petrol price in those countries and how much was it. What was the tax component in those countries where the price of the petrol is high. Those countries who sell their product to us does not bother about our per capita income. Prices are fixed based on demand by oil selling countries (OPAC). So, my point is who are the countries who has the ability to strike a good deal with OPAC countries. Are OPAC countries fixing the base price for oil across the world. What is the internal demand of each country and what is the percentage of demand can be met by them without importing from foreign countries. These are some of the question which author has to answer along with my previous set of question to understand the contemporary pricing policies of each country. The author must answer aforesaid question to justify the petrol price hike in India.
Look at the image description below the image on Turkey's page. They have "Image: Petrol prices are the highest in Turkey". hehehe m0r00ns don't know sh111t..Red1ff only knows to k1ss kangre55s a55. The report is kangre55 class.
Re: Rubbish and nonsence
by Rajendra Gupta on Apr 12, 2011 04:14 PM
Let me give you more comparisons Per capita income of USA 47000 dollars cost of flat in NY only 2.7 lac dollars Fee of harvard for MBA 1.7 lac dollars social security paid to unemployed there $ 800 per month India NIL India is country run by thieves and corrupt looters.It is a banana republic already.babu/politicsn-baniya nexus is bleeding India and stealing almost rs 10 kac crores every year out of India. India has now estimated 15% fake currency in circulation.Fake notes are being supplied in full knowledge of Finance Ministry.Mukherjee should resign and RBI governor should be arrested.
Re: Re: Rubbish and nonsence
by Shweta on Apr 12, 2011 04:20 PM
What the hell done by the BJP during their rule in India ? They opened allowed the pet/co. to increase the rate as per their choice. Now they barking
Re: Re: Re: Rubbish and nonsence
by Jaihindbandemataram on Apr 12, 2011 04:27 PM
It is not about any banner. We are talking about how rediff is fooling Indian people
rediff should maintain certain ethical standards of journalism.We are seeing regular posting of articles planted by congi agents. there are several websites on Internet that give prices of fuel in world.Fact remains that in India taxes are more than 50% on petroleum products.Whenever crude goes up above 90$ all governments in India should proportionately reduce taxes.The corrupt government in India re lavishly living and wasting money with huge perks.Cost of governance of a poor country is too high and productivity of babus and judiciary is third rate.They can be called kaamchor. Secondly when corrupt politicians publish prices in any other country they should also publish incomes of people there.Or give price ot income ratio.You will find India is being looted by both baniyas and babus.
Re: This is a planted article
by Iadmire on Apr 12, 2011 04:09 PM
Well, i dont understand the way the price of petrol in other countries are calculated especially in countries where the price is so high. There is no information on when was the last increase of petrol price in those countries and how much was it. What was the tax component in those countries where the price of the petrol is high. The author must answer aforesaid question to justify the petrol price hike in India. The point is my dear friend, those countries who sell their product to us does not bother about our per capita income. Prices are fixed based on demand by oil selling countries (OPAC). So, my point is who are the countries who has the ability to strike a good deal with OPAC countries. Are OPAC countries fixing the base price for oil across the world. What is the internal demand of each country and what is the percentage of demand can be met by them without importing from foreign countries. These are some of the question which author has to answer along with my previous set of question to understand the contemporary pricing policies of each country
