The Oily Game
Petroleum has been nicknamed as black gold because of its paucity on the earth's surface and our country is the world's third largest oil importer. This makes us clear to the point that petroleum is dear to us because we cannot reduce its usage. The theory of economics also tells us that petroleum is a necessity good hence it has inelastic demand. Now, herein lies the nub of the problem.
Governments have to increase their revenue to meet its vast expenditure but the commoner has nothing to do with that. What matters him is that if petrol and diesel prices increase, his monthly balance will get disturbed. Vegetables, fruits, pulses everything will become costlier. The government s very well know that because petroleum is a necessity good, it's consumption will not reduce even if the prices are raised. So why not take as much as money possible from the consumers pocket.
The international rate for crude oil is $52/barrel i.e ₹20/litres which is ₹60 less than the number which we see in the fuel dispenser metre. Well, ₹10 can be added as the cost of refining, ₹3 as the dealer's incentive. ₹33/l., Still meagre in front of the mighty number of 80.
Isn't it hypocrisy of the BJP government to increase the petrol prices when the crude oil rate is still not much. The BJP fans will argue that the government took the petrol prices to a record low of ₹68/l. from ₹82 of the UPA times but they turn a blind's eye to the fact that the crude oil rate were $47.5 /barrel only. Now, when the rates have gone up by $6 in the last three months, petrol is being sold at ₹80 in our country.
BJP called a Bharat Bandh on '31st May 2012' criticising the UPA of the high prices. The crude oil rate in the international market were $107/barrel which is double the present rate and the petrol prices are almost same. I have a doubt whether BJP din't knew that crude oil rate determines the petrol prices. We must not forget the images of Ravi Shankar Prasad driving bicycle protesting over the high prices of petrol.
The idea of all commodity, one tax attracs us. Ironically, congress now publically attacks BJP for not including petrol in the GST but UPA too had not included petroleum in the GST constitutional amendment when it was in power.
If our dear political parties put aside politics or 'the oily game politics' and include petroleum into the GST 18% slab, the prices will fall to ₹40/l resulting into the fall in prices of goods.
The BJP government should not forget that high petrol prices during the UPA's rule was one of the major reason of the congress debacle. They were paid the prices of charging higher petrol prices in 2014. Modiji do remember, we will not forget a 16 day rise in petrol prices and then a paisa cut.
After all, the power to vote and elect shall rest with the citizens only.
Governments have to increase their revenue to meet its vast expenditure but the commoner has nothing to do with that. What matters him is that if petrol and diesel prices increase, his monthly balance will get disturbed. Vegetables, fruits, pulses everything will become costlier. The government s very well know that because petroleum is a necessity good, it's consumption will not reduce even if the prices are raised. So why not take as much as money possible from the consumers pocket.
The international rate for crude oil is $52/barrel i.e ₹20/litres which is ₹60 less than the number which we see in the fuel dispenser metre. Well, ₹10 can be added as the cost of refining, ₹3 as the dealer's incentive. ₹33/l., Still meagre in front of the mighty number of 80.
Isn't it hypocrisy of the BJP government to increase the petrol prices when the crude oil rate is still not much. The BJP fans will argue that the government took the petrol prices to a record low of ₹68/l. from ₹82 of the UPA times but they turn a blind's eye to the fact that the crude oil rate were $47.5 /barrel only. Now, when the rates have gone up by $6 in the last three months, petrol is being sold at ₹80 in our country.
BJP called a Bharat Bandh on '31st May 2012' criticising the UPA of the high prices. The crude oil rate in the international market were $107/barrel which is double the present rate and the petrol prices are almost same. I have a doubt whether BJP din't knew that crude oil rate determines the petrol prices. We must not forget the images of Ravi Shankar Prasad driving bicycle protesting over the high prices of petrol.
The idea of all commodity, one tax attracs us. Ironically, congress now publically attacks BJP for not including petrol in the GST but UPA too had not included petroleum in the GST constitutional amendment when it was in power.
If our dear political parties put aside politics or 'the oily game politics' and include petroleum into the GST 18% slab, the prices will fall to ₹40/l resulting into the fall in prices of goods.
The BJP government should not forget that high petrol prices during the UPA's rule was one of the major reason of the congress debacle. They were paid the prices of charging higher petrol prices in 2014. Modiji do remember, we will not forget a 16 day rise in petrol prices and then a paisa cut.
After all, the power to vote and elect shall rest with the citizens only.
Comments
Post a Comment