PETROL PRICE IN INDIA

Increasing the petrol price in India, Is it justified?


In most of the countries the price of petrol is around Rs: 16.50 paisa per liter. In India over the above price the consumer has to pay, central tax Rs: 11.50 paise+Rs: 9.75 production cost+Rs: 12 towards VAT=Rs: 49.75
It’s sold for Rs: 50.03
The petroleum ministry and the PM say the petroleum companies are losing lots of money due to low petrol price in India! It seems the government which fought and won the last election was through the petrol dealer’s money!! Other wise we can’t explain this rise in petrol price every three months. In the year 2008-9 Hindustan petroleum company had a net profit of Rs: 574.5 crores, similarly in 2009-10 Indian oil had a profit of Rs: 5556.77 crores and Bharat petroleum had a profit of Rs; 5015.5 crores. If these companies had incurred a loss, then where from, they got this profit?? Suddenly why the congress Government is trying to help these oil companies? Is there a directive from across the sea or collecting money for next election? You the silent Indian public must judge and revolt. It’s not the BJP, CPM or other parties but it should have been by the common man who should have shown your displeasure. Central Government puts the blame on states and vice versa. No state government whether its congress ruled state or other parties ruled states sale petrol at a lesser price Indian public are expert in take things lying down and take the burden of rising prices.
Here is a comparison of petrol price per liter in other countries.
Pakistan: Rs: 26
Bangladesh: Rs: 22
Cuba: Rs: 19
Nepal: Rs; 34
Burma: Rs: 30
Afganistan: Rs: 36
India: Rs: 50.03