Comments on: Has India got it right on fuel prices?

By: santosh

santosh — Fri, 13 Jun 2008 11:03:05 +0000

Dear Friends,

Following is the article from well known Newspaper.
Find the detail break-up of the Final price of petrol available in pumps.

This is a break up considering crude oil at 130 $ per barrel. Following
details are for per liter petrol in Rs.

* Basic Price = Rs 21.93
* Excise duty = Rs 14.35
* Education Tax = Rs 0.43
* Dealer commission = Rs 1.05
* VAT = Rs 5.5
* Crude Oil Custom duty = Rs 1.1
* Petrol Custom = Rs 1.54
* Transportation Charge = Rs 6.00
* Total price = Rs 51.90

So for a Rs 22 liter petrol at pumps we people pay Rs 28 tax extra.

Govt. is thinking to impose more price hike to curtain with the current
crude oil bubble in International oil crisis.

If Central Govt. wish, it can still reduce the price of petrol in the
current crisis situation, but it doesn’t intend to do so, instead trying
to fool the people and Nation. This is the basis LEFT parties are
opposing, just generating more profits for the oil marketing companies.

Don’t you think you should pass this message to create more awareness
among the people.???

By: Anil

Anil — Thu, 12 Jun 2008 14:44:26 +0000

time to go back to basics – bullock carts and bicycles!
eventually we will have to do that; fossil fuels will run out in twenty years and we foresee no technology to replace it for the next fifty years..

By: Vipul

Vipul — Wed, 11 Jun 2008 16:03:30 +0000

The Government should have hiked petrol prices by Rs 10 to Rs 15 thus removing subsidy on petrol. I think that owners of petrol driven cars can afford to pay for the luxury. LPG cylinder price could also have been increased further.

By: Adarsh

Adarsh — Tue, 10 Jun 2008 21:34:28 +0000

Hi,

India govt. has followed what the European countries did . But the hike in price could be avoidable as it is going to be a heavy burden for the Indian middle classes.

By: Tejinder

Tejinder — Tue, 10 Jun 2008 07:01:52 +0000

Hi,

I think India has got it right to raise fuel prices because fuel prices raised globally and effected the whole World and not only India. In India, Oil companies were facing a huge loss so Govt. has to take care of them as well as common man. I am happy that LPG prices are not raised so much but if it would have raised by Rs. 50 in Delhi then I think it might be a trouble situation for everyone in Delhi. I think Delhi State Govt. did right thing by raising only Rs. 10 on LPG and happily beared Rs. 40. Similarly other State Govts. in India bearing the increased amount on LPG like Delhi State Govt.

Since, fuel prices are up and it would raise Inflation rate too and it would directly effect common man specially poor people of India. So, I think UPA has to pay for this in coming elections as NDA paid when they were in power and Onion prices were reached to Rs.100 per Kg.

By: resistance

resistance — Tue, 10 Jun 2008 04:26:10 +0000

we have been doing this hiking circus since long. Its the lack of vision of political party which rules us 90% of the time since independence. what we needed was a permanent solutions. SO when next time global prices go up what to do then? again rise the price? Keep on doing the circus? We needed research to find alternate to petroleum products, and we need to find more fuel efficient engines/machineries. Whatever it is, we need to break free from petroleum fuels. A major share of our money goes to oil rich middle eastern countries. ANd countries like Saudi Arabia channel it to fund terrorist organizations. So when they kill our own brothers, in a way, we are paying jehadi fundamentalists to kill our people. We need to break free.

To the people who are saying it as bold, how much courage one need to put all the burden on common man?

to the people who say the hike had been done ages ago-
this pathetic government had always worked as slaves as oil companies. THy have each time increased teh exact amound oil companies demanded in past

and when teh global prices went down, not a single paisa was reduced. it only kept going up. They should resign. The funny remark by manmohansingh is also worth noting “indians should learn to adjust to it”. what a loser.

By: Govind

Govind — Mon, 09 Jun 2008 09:51:51 +0000

The price increase was bold but still doesn’t solve the problem. In reality we are actually helping the OPEC. Inspite of oil at $135, most consumers around the world pay way below the market prices (including China, India and USA). Unless price rises, the demand will not adjust and hence the prices will remain high.
If the government really wants to help the people, it should raise the prices of petrol to eliminate the subsidies. The 200,000 crore saved can be used to cut taxes and investment in infrastructure. People will not feel the pain and also reduce wasteful consumption thus cooling off the prices.

By: Tiju

Tiju — Sat, 07 Jun 2008 15:48:12 +0000

I think the Indian Gov’t did the right thing with the price hike…

By: Raj

Raj — Sat, 07 Jun 2008 04:17:40 +0000

I dont get it . India and China are both moving in the wrong direction by copying USA. What works for USA does not always work for other nations. India should not promote more cars on the road instead it should pour billions of dollars on upgrading its primitive public transportation system so that it would be on par with EU nations. In that way it will help the people as they wont mind using modern transit systems plus help in reducing oil/gas consumption.

getting dependent on oil is a bad idea.

By: A.Y.

A.Y. — Fri, 06 Jun 2008 11:25:30 +0000

In India police and minister’s kids are going to school by government vehicle. Bureaucrats or ministers’ wife go for shopping in office car. Corrupted army people and roadways (public transport) people are selling their vehicle’s petrol illegally in India.

Indian people are angry with the government for petrol hike. Why they can’t fight with the corrupted people and bureaucrats?