How do you think HPCL/BPCL is doing over 30% net profits? Do you think these guys do daily trading in petrol ? They sign agreements for couple of years in one go. The real cost of petrol is Rs.20/liter even with increased prices. Rest is going as taxes and profits.
Re: LET INTERNATIONAL PRICES DETERMINE THE PRICE OF PETROL
by Sujal on May 24, 2011 05:48 PM
Dude that is what deciding the petrol price only thing is that the tax is added in vast sense and the price is being touching to sky... U Know Karnataka state government collects 25% sales tax on Petrol.. WTF! Is it a tax rate??
This beggers will kill the middle class people to hike the oil price, in another way they looted public money, people should unite and come to road block the entire goverment office like anna hazara style, we have to teach a lesson to this stinky politicions
Indian politicians tried to make many plans for controlling indian population e.g. educating people, giving free candoms in hospital etc. But nothing worked to stop indian population growth. So they found the only way to stop this is to increase price of diesel and petrol which will ultimately increase the price of food articles to such a level that the so called AMM ADMI will have no chance to survive thereby increasing rate of suicide, murder at an exponential rate compared to birth rate. This will ultimately decrease the population very fast and india can become super power.
WOW indian politicians are intellegent and I am a genius to understand their logic. He he he
PCRA has been clearly forecasting that petroleum stocks in world are going to exhaust within next 30 years..as stocks deplete, the cost of the fuel is bound to rise. We are not producing even 30% of our fuel requirement. If 70% is being imported at higher rates, how everyone expects that he should continue to get fuel at older rates all the time. Simply illogical. One should understand that there is no alternative other than to curb the usage of fuel in daily use. Also, Govt need to seriously think of alternative fuel like solar/wind/Hydrocarbon energy. Instead of curbing consumption, we are just crying hoarse on fuel price rise. 4 paise ki cheej bazar se kharid ke koi 2 paise me kab tak sell karega..If some commodity is scarce and availbility is limited, it is bound to be costlier day by day. Simple economics of demand & supply, why don't you guys understand that.
Re: Why such a hulla bullu
by vishal kulkarni on May 24, 2011 11:21 PM
PCRA n scintists are telling from 30 years that petrol will be over in 30 years,
Re: Why such a hulla bullu
by Anand Kumar on May 24, 2011 08:39 AM
We are not bothered if the prices are increased in line with the International prices. But u forgot about the Taxes part which is included & the burden is passed on by Central & State governments on End Users for the Infrastructure they have provided.
Re: Why such a hulla bullu
by sam on May 24, 2011 02:52 AM
dont try to look intelligent though you are not. You know petrol is half the price in Nepal which is land locked. Its cheaper in every neighboring country. Its expensive in India as its considered a luxuary item and taxes are too high
if our dear politicians would purchase their own vehicles....and fill the petrol & diesel from the salary they get per month(not from what they take under the table)...they would come to know what is ment by price hike.......
Can someone tell me when oil companies were in profit, why should one hike & neutralize now ? If oil companies are running loss, how come new petrol bunks are getting opened? demand = price hike
Re: when?
by rdanlal on May 23, 2011 11:39 PM
Just the right time to hike, as all school/college re-opens. Please, hike diesel by Rs.10, cylinder by Rs.400/- This will increase crime rate.
