Why price of petrol and diesel increased 11 times since last Feb-10?

Discussion in 'Politics & Society' started by captonjohn, Jan 16, 2011.

  1. captonjohn

    captonjohn Regular Member

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    Just heard in some news channel that since february 20010 congress has 11 times raised the price of petrol & diesel. Is government is blind and can't see common people's problem or it is in some suicidal mission to kill their party? Since when congress get power second time it got mad on few subjects. Somebody talk about Kashmir and say it is not part of India then government says there is freedom to speak but when someone speak about Gandhi family then whole government become mad on it.

    What is the problem here?
     
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  3. Blackwater

    Blackwater Veteran Member Veteran Member

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    Petrol and gas prices is rising everywhere in world. I live in europe ,here 6 months back petrol was 1 euro10 cents per litre ,now touching 1.50 euros. It's not in congresss hand to curb pricse.
     
  4. captonjohn

    captonjohn Regular Member

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    So is there any solution we can have for this problem as normal population is getting crushed in this.
     
  5. maomao

    maomao Veteran Hunter of Maleecha Senior Member

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    The only solution is to take measures such as cutting down extravagant expenses on politicians and their families (ranging from free food, fuel, housing, servants, useless expenses on security), book Bandits such as Gandhis, Rajas, Kalmadis, Shielas, Gills, Sibals, PMO, in corruption charges and extract as much money as possible out of them, raid Congress leaders, Gandhi family, Politicians, Corporates, Media etc and extract information about their Swiss bank accounts and use extreme threats to their family members and 3rd degree torture to extract info!! Its high time people take part in such operations only then the agencies will get some confidence who have been made political stooges!
     
  6. Singh

    Singh Phat Cat Administrator

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    Prices have been deregulated from Government control, now they are decided by the Companies.
     
  7. maomao

    maomao Veteran Hunter of Maleecha Senior Member

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    Come on Singhji :D

    Majority of these Oil companies are PSUs!! You tend to suggest GOI has no control over them, when India is one of the most regulated economies in the world!
     
    Last edited: Jan 16, 2011
  8. Yusuf

    Yusuf GUARDIAN Administrator

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    The only thing that is in govt control is the tax. Nothing else. The oil cos actually make a loss on petrol by about 1.50 a ltr and about 5 for diesel.

    Problem is central does not want to reduce import duty, excise on it. States don't want to reduce sales tax on it. In bangalore the ltr of petrol is 66 odd now. Karnataka has an entry tax on petrol and sales tax. Both are the highest in the country. If we take away just sales tax on petrol it would reduce the price of petrol by 30%. But no govt state or central wants to let go of the cash cow that is tax on petrol and diesel.
     
    Singh likes this.

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