Petrol, diesel price hike from midnight

anant1a

anant1a

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Petrol, diesel price hike from midnight


NEW DELHI: The government has decided to hike petrol and diesel prices from Thursday midnight in order to counter the losses that are being faced by public sector oil companies.

According to an official the government has decided to increase Rs 2 for petrol and Rs 1 for diesel from today midnight.

The decision would benefit public sector oil companies which were running on losses, he added.

The government also decided to increase oil bonds, issued to offset losses of oil firms due to sale of fuel below the cost price, to 56-57 per cent of the total under-recoveries from 42.7 per cent now.
 
we shd jus stop buyin cars, n rather protest publically on a nation-wide basis opposin d fuel hike......
in this process d rich is only gettin richer n d poor poorer,,,,,, n d middle class man is jus left nowhere!
pune being the most expensive city for fuel!
this is jus not acceptable!
 
What losses we are talking about here........IOC one of the navratna PSU pay to their employees a very handsome package as compared to other PSUs. This is definately not to say that PSUs should not pay good salary but "jitani chadar hai pair utane hi pasarane chahiye".
 
I am not sure if other members have received an email that was circulated few days ago (I am also not sure about the correctness of that mail) which was about not purchasing petrol on one day in January 2008. It stated that all this subsidy business is faltu. India has the highest prices of petrol in whole of Asia.
 
adongre said:
I am not sure if other members have received an email that was circulated few days ago (I am also not sure about the correctness of that mail) which was about not purchasing petrol on one day in January 2008. It stated that all this subsidy business is faltu. India has the highest prices of petrol in whole of Asia.
Click to expand...

It's another variation of a really old and corny urban legend:
http://www.snopes.com/politics/gasoline/nogas.asp

Though the reality is that while fuel prices might be higher in India as compared to some other countries, fuel is still being subsidised by the Government. If the fuel prices are not increased, expect some form of indirect tax to make up the deficit in the Government's budget. Either way, you pay up. :aj:

Though what does get my goat is that we in Bombay have to pay Rs. 5/litre more than our countrymen in Delhi, who also get wayyyy better roads than us. And to think we pay the highest taxes in the country.... :aj:
 
i think we need to quickly find an alternative for petrol.. if the government continues to hike prices petrol will soon become a luxury..
 
distressssing !!!
This was expected however there are other issuess..........
what the govt doesn't need now is unwanted publicityyyy
 
i think d govt has did d right thing. everybody has to
understand d govt's state . d credit rate for india is going up. also
when considering d public sector it's all running at lose. giving subsidy
is not d solution for this. definitely d govt should compensate by use of
indirect taxes.

so for this we have to find an alternate for petrol. otherwise no solution.?
 
the government has to do as it imports oil and have to balance it with the demand and supply, we people have to bear it as there is no option left out.
 
Actually since a long time i am listening abt this that the govt is providing subsidy on petrol price . i think the cost should be categorize on the basis of uses of petrol like --
1- should be high for personal use.
2- should be low for transportation (gov) so that inflation be checked.
3- should be medium for public transportation
and many more so that if any one want to use much more at his cost he can otherwise by taking care of inflation that should be increase.
 
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