Petrol price in India
Photo Credit Futureatlas
A few weeks back I have recived a note from my friend on petrol price in India and I have posted it here in my Blog.
Since then, petrol price has become a hot issue after the recent crude price of 135$/barrel.
India is really concerned about crude price.
This is more visible when I saw the visitors reaching my blog site throgh a common keyword- petrol price in India. They are mainly from USA. May be they are Indians and have genuine interest in petrol price in India.
We are living in India and are really disturbed the way crude prices going up.
I am unhappy that the government is letting the oil marketing companies to incurr huge losses. And there is no chance of a hike to paartly cover their loss.
Yesterday I watched a program on CNN IBN where there was a poll-
Doyou think we should pay market price for petrol?
In the begining of the poll there was neck to neck fight with people against the motion out numbering those who are ready to pay market price.
. At the end 52 % people said they are ready to pay market price against 48% who are not ready yet.
In the interview 3 persons were present- CPMMP Dipankar Mukherjee, and 2 gentleman from NGO's.
The points emerged are like this
1. Remove subsidy on petrol, diesel, LPG except kerosene
2. Hike partially to off-set PSU losses
3. Lower taxes partially
4. Take a decision.
The last point is important-this being election year, will the govt take any unpopular decision?
But not taking a decision will cost the country more. The immidiate vicims are oil marketting companies.
What do you say?
=Ostom
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May 29, 2008 at 1:39 AM
Petrol...ya "THE NEWS" in india these days...what i believe is everything should be equally distributed.I dont believe that, only the companies should take the burdern of this hike..nor the people...nor the Govt either..
It should done in a manner that the burdern that has to come should be least on "WE THE PEOPLE" and then to the companies and most of it to the govt.....
May 29, 2008 at 10:13 AM
Thank you for your comments. I think the solution lies in not subsidising them who can afford to buy. People below poverty line should be offered kerosine at subsidised rate.
Bigger diesel cars for example are run by rich people who can buy at higher prices.
The second point is allow oil companies to do business and fix their prices for petro products.