Build your professional network on facebook via our app Go to app
 
<< Prev  14 of 14 in Topic 
Topic : Should fuel prices be deregulated?
  Rate : 
Posted in Community :

Media Mughals

 

Fuel price deregulation, who should bear the burden: Government or People?

Created by : Himanshu Pathak, Sr/Principal Coresspondent, Coresspondent  | 02 04 2010 12:21:07 +0000
Industry : Oil & GasFunctional Area : Strategy Alignment(Strategy & Execution)
Keywords : india government people price fuel petrol crude oil diesel finance ministry burden deregulation
Activity:  397 views;  last activity : 07 06 2010 20:18:09 +0000

After food prices inflating, it is now motor fuels to burn the peoples' pocket. The government has decided on freeing petrol and diesel prices after an expert committee on fuel pricing as for the current moderate global oil rates the last window India has to deregulate fuel pricing. An increase of at least Rs 3 a litre in petrol and Re 1 in diesel prices appears very likely around the budget as the government nears the end of its capacity to extend a financial lifeline to state-run oil marketers.

In this game of escape and blame, the ordinary people are totally confused. Feeling the pinch of the real inflation in the market, and seeing rising petrol price the national debate on inflation is more a game between those blaming and those escaping the blame, leaving the truth and the people as casualties.

With such Fuel price deregulation, who should bear the burden: Government or People?

  
Share
 
 
  Rate : 
 
 
Government Vs People
2
 
 
 
 
1
2
1
Support   Support
 
0
0
At present the burden must be borne jointly.The govt must declare what it is bearing and make an action plan and within a time frame finish the subsidy being provided
By Rajwant Singh, Country Head- Customer Service, TVS Auto Bangladesh Ltd  | 02 10 2010 13:06:14 +0000
0
0

India, which is hunger for energy consumption has to depend on other countries for crude oil. On the other hand it has resources through which they can barter for this crude oil. With the rising inflation on food prices, normal public could not bare the price burden again. The finance ministry has to decide to pay compensation to public sector oil companies for selling kerosene and cooking gas below cost as it is for consumption. Losses on petrol and diesel are to be compensated by state-owned upstream companies like ONGC, Oil India and GAIL India or improve their production.
By Himanshu Pathak, Sr/Principal Coresspondent, Coresspondent  | 02 04 2010 12:24:28 +0000
0
0

I think, the main factor forcing the government's hands is the rising deficit and cost of economic stimulus, farm support prices besides social sector spendings. The Government does not allow state-run fuel retailers to fix petrol, diesel, kerosene and LPG prices in line with global cost, resulting in huge revenue losses for oil companies and subsidy burden on Government. Rate hike may become inevitable as government's limited financial resources are not enough to meet the revenue lost on selling petrol, diesel, LPG and kerosene below cost. So at such point, people also has to take some burden on such loss.
By Priyank Tewari, Product Development Manager, Reliance Petroleum  | 02 05 2010 04:55:07 +0000
Argue for "Government "
Argue for "People "
 Found the debate "Fuel price deregulation, who should bear the burden: Government or People?"  interesting ?  Suggest to your connections and communities  
Making the right connections
Making the right connections
Viewers also viewed
Support the price rise. vs Do no support the price rise.
 
269 referals 15 arguments, 4793 views
Indians shell out the most in the world for petrol! Already there are a lot of difficulties,...
 
2848 referals 27 votes, 791 views
more...  
Recent Knowledge (4)
WE HAD A GOOD NUMBER OF INVENTORS WITH GREATER VISION ABOUT THE SOCIETY. INVENTORS HERE NEED NOT...
 
2 referals 2 arguments, 97 views
These days as I switch on the tv or radio or look at a hoarding I do feel that power of ads I...
 
3004 referals 23 arguments, 482 views
C vs B
 
0 referals 3 arguments, 51 views
more...  
Sponsored Jobs
More From Author
Probably we should give government time to impose, apply and articulate it. Anna and team is warning the government now and again which is really not needed. Perhaps we should wait for sometime and if nothing works in this time we the common people...
This is hard decision and we can just give opinions. Leaving right away will not be a wise decision. Either you should see if you can get a better job and then change of you should urge for recognition in the current company for your contribution and...
While Team India is loosing terribly against England one more team India is won the Asian cup! Yes we have done it in Hockey and still I see people crying over cricket. What will you choose : a game which makes you feel good or a game which makes...
more...  
  • Popular Knowledge
  •  
  •  
  • Popular Jobs
  •