Build your professional network on facebook via our app Go to app
 
<< Prev  3 of 3 in Topic 
Posted in Community :

Primetime News |

Automotive Marketing

 

Is the Government Profiteering on Fuel price hike?

Created by : Kiran Kumar Reddy, Business Analyst, SAP  | 01 18 2011 06:52:13 +0000
Industry : Radio, TV & FilmsFunctional Area : Politics(Personal Interests)
Keywords : inflation fuel price hike fuel price hike in india fuel subsidy
Activity:  358 views;  last activity : 10 03 2011 07:11:43 +0000

Its the second time in a single month where petrol price has been hiked 3 Rs  on both the occassions. This is hurting people like anything, and the government is unable to tame this inflation and from many corners people are saying like the government is profiteering on fuel price hike. Is the government profiteering on fuel price hike??

  
 Refer 732
Share
 
 
  Rate : 
 
 
Yes Vs No
22
 
 
 
 
8
16
7
Support   Support
Top Argument
4
0

Yes.The govt which swears by the aam aadmi is not concerned about the effects of increase in price of petrol on essential commodities which are beyond the reach of the common,man.It is only worried about profits.  How many times does it want to increase the price?.No limit.  Why petrol prices have gone up in the last 5 to 6 years - only after the oil companies started increasing their company-owned outlets?  Why the time-gap between the hike has been decresing lately - are they testing how we react so that they can increase their prices every week, then twice a week, then every day?

Consumption of oil per day in India is high - the stock (now they are company owned outlets, so the stock available at their factories too can be considered) they own on the day of price hike is sold on new prices, is this a coincidence or a tip of the iceberg of one more corruption, especially after the companies started having their own outlets?
By Kiran Kumar Reddy, Business Analyst, SAP  01 18 2011 06:52:13 +0000
 
Top Argument
1
0
Absolutely not. One has to look at it sanely. In a country as huge as ours with just 20% of the petroleum reserves on hand, corrupt netas siphoning of fuel, drivers doing the same and with the balance 80% being imported, what else would you expect ? Not to forget the huge subsidies on petrol and gas ! Now tally that with the international price of petrol and then let us know what you would do ? If you still say, you wouldnt increase the price, then its time for that appointment with your doctor. How many of us are ready to really walk to the milk booth in the morning to pick up our packet or the newspaper stand for that matter. We take the car or the bike out even if it is within walkable distance. Then we also talk about high petrol prices ! It is within each one of us to take measures to control the same. It is simple, when demand reduces, prices will automatically come down.
By Jaygopal Raghavan, Marketing Manager, Landmark Group  01 29 2011 16:50:35 +0000
1
0

It is ironical yet true that each liter of fuel wasted....... thanks to bad roads or traffic nightmares means a loss to citizen yet profit to Government. Every paisa of increase in fuel price means higher yield to Government coffers through taxes.

Ever wondered why initiatives on clean fuels or better roads and road management is never sighted in place.

Higher collection means better handle to spend, earn, self spend and to dole ot schemes as though spending charity from pocket, to further enhance gains to hold on to power, and all this at the cost of hapless populace.
By Ravindra Sharma, Managing Consultant, CHEF-India  | 10 06 2011 06:54:19 +0000
0
0

Kiran I agree with you. There were really some dip in crude prices but have the consumers got the benefit of the same?

From January this year the crude price is averaging $112/- per barrel. In that case why there are price increases on different times. I think Mr. Montek singh Aluawlia is responsible for all these moves and he is happy since he is not footing the bill for petrol. 

First ensure every citizen of the country earns a little less than the politician and then go on increasing the price it will not affect then.
By Rathin Deb, Freelance Retail Consultant  | 09 17 2011 08:00:03 +0000
0
0

yes..govt enjoying on the at the cost of comman people..they are least concern with aam admi..
By deepak , Senior Sales Executive/Investment Advisor, real estate  | 09 17 2011 05:11:58 +0000
0
0
Yes, as they are ready to hike after increase in world market , but till date never decrease the price when it happened in world market.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 01 28 2011 12:52:42 +0000
0
0

Kiran I am in total agreement with you.
By Rathin Deb, Freelance Retail Consultant  | 01 24 2011 09:18:30 +0000
1
0
I think govt need to exempt this sector from taxes and there should be no role of private campanies into this.
By Vinod kumar, MBA (Finance) student, Punjab College of Technical Education  | 01 21 2011 05:38:51 +0000
1
0
when the petrol touched a few years back to 130 to 150 dollars per barrel.the govt.suppoeted the Aaam Aadmi @Rs.45 to Rs.50 per litre varying from delhi the lowest to chennai and mumbai being the highest for end users based on sales tax etc. etc.i.e was under price administered regime and govt.supported the 4 govt controlled companies the subsidy component,while Reliance which went on leaps and bounds by opening more than 1600 outlets across the country,and after so many protest the govt.gave a blind eye to private players.Now is it notthe moral responsibility to support the Aaam Admi by directing the central authorities to cut import duty on petrol and direct assuming alliance partnered states to cut sales tax as Maharashtra govt.did.when the petrol is just 90 dollars per barrel in the international market.I hope the Aaam Admi Minister our most reverred MINISTER OF OUR TIMES, when he bailed out India during the second great financial crisis starting Mid 2007 to mid 2009,when the world leaders like USA,where out of 200 major banks 185 of them got broke;Lehman Brothers Citi bank Bank of America, and others to name a few. I request on behalf of the Billion plus population of India,tinkering of Petrol and diesel should be done once a year that to the begining of financial year april month,and not to tinker now and then,which effects the root odf the Aaam Admi starting from basic cup of Tea to transporting Aam admi in Bus Share Auto TRAIN or any commercialvehicle whit hits the Aam admi in his belly.
By kasturirangan.r , INSURANCE ADVISOR, Life Insurance Corporation Of India  | 01 20 2011 02:51:06 +0000
2
0

The fuel price hike makes the government to earn and the common man to suffer. But the peculiarity is that whatever increase in prices no one stops buying the petrol to ignite their vehicles which is the strong point makes the government to inflate the petrol prices very often. What to do friends since petrol becomes the essential commodity for all.Moreover the increasing sales in two wheelers & four wheelers contributes to increase the prices of petrol and further when there is more demand for vehicles naturally higher the petrol price.  

Thanks for the referral Mr.Kiran Kumar.
By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 01 19 2011 17:16:46 +0000
1
0

all these oil companies are govt babies
By Onkar Datt Sharma, Manager (Technical), Retired  | 01 19 2011 14:42:17 +0000
1
0

Yes, the higher the "basic" price of petroleum products, the more the government earns in taxes, because the tax calculated as a percentage of the price.

Why, the budget was planned in March last and it was planed according to the expected tax earnings that petroleum products would fetch the government. Agreed, this tax amount would go to fund various public projects, etc., etc.

However, if the international prices increase, then just increase the price to that extant and decrease the tax component (so that the same earnings are achieved for the govt.). Why include the tax component in the price increase.

Really absurd. And then, these infrastructure project are the breeders of corrupt politicians and bureaucrats.
By G A Narayan, VP - Marketing, KE Housing P. Ltd.  | 01 18 2011 15:08:56 +0000
1
0
Yes this govt is squeezing the already suffering common man from daily increasing the cost of living. The purpose to do is to distribute this public money among the corrupt politicians and babus
By Onkar Datt Sharma, Manager (Technical), Retired  | 01 18 2011 13:36:19 +0000
1
0

Undoubtedly by way of taxes from the end users and taxes from all Oil Corporations
By s.baalu , Consultant, XYZ LTD  | 01 18 2011 12:47:43 +0000
1
0
Government should re-work on the pricing policy from the perspective of "inclusive growth"! The price hike in one segment spikes the essential commodities. This cascading effect should be seen as a whole rather than an isolated approach. Inflation, if failed to contain, would reach 20% mark shortly!
By S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner  | 01 18 2011 07:16:59 +0000
2
0
Yes, the Andhra Pradesh state Government is getting 33% as the tax. One side companies are increasing the prices and the other side the state government is also getting lots of profit as part of tax. This is only the state where the petrol price is more.
By Kumara Swamy, Project Associate, IIIT-H  | 01 18 2011 07:06:29 +0000
0
0
The agitation in the ordinary class is understood after the regular Hike in fues,But still the stake holders of Oil company's are regularly bearing loss,wherein we (India) can not even fulfill even 20% of the fuel demands of our Nation. One has to understand that India is depending on Other Nations to stabilize the fuel demands.Where as Govt can merely act as a spectators.
By VISHWA DEEPAK MISHRA, HR-Talent Acquisition Cum Business Development Manager, Leading IT Giant.  | 10 03 2011 07:11:41 +0000
0
0
no we r responsible for that because we choose our MPs MLAs who are now sitting in parliament and decide the price of petrol .
By Mrityunjay Pandey, B.Tech/B.E. student, IIMT COLLEGE OF ENGINEERING  | 10 02 2011 09:28:03 +0000
0
0
I would like to look at it as a tough step in present for a better future !!!
By Vinay Mudgil, Sr. Application Developer, Computer Sciences Corporation  | 01 30 2011 14:28:54 +0000
0
1
The price of fuel is still << than the international price. Oil companies (indirectly Govt) are bearing the loss and Govt is subsidising. Everytime the price is increased, the tax component also increases. There the states make a profit. The country is in a subsidy driven economy - anywhere we can get some money to make up the subsidy is most welcome.
By V. Srinivas, Freelancer, Information Technology  | 01 21 2011 03:07:03 +0000
0
2
not government but various fuel distributors are surely making profit and also politicians who are allowing fuel hikes.
By abhishek sakhapariua, B.Tech/B.E. student, VVP Engg. College  | 01 19 2011 13:30:38 +0000
0
1
Fuel price hike does not anyhow restrict its dimension upto the benefit of the Government, but think that the number of vehicles are increasing with a very high speed and hence the demand of fuel will increase accordingly. And we all know that if the demand will increase price will automatically hike. That is also a reason dear.
By Anand Sharma, Monitoring the research funded by DIT, Department of Information Technology  | 01 18 2011 08:58:37 +0000
Argue for "Yes"
Argue for "No"
 Found the debate "Is the Government Profiteering on Fuel price hike?"  interesting ?  Suggest to your connections and communities  
Leading Recruitment Firm.
  • Create a confidential Career Profile and Resume/C.V. online
  • Get advice for planning their career and for marketing of experience and skills
  • Maximize awareness of and access to the best career opportunities
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
MNC's should take in more freshers vs Do not take freshers
 
1 referals 2 arguments, 161 views
more...  
Sponsored Jobs
More From Author
Relationships are definitely important but one wants to be successful and success brings happiness. Happiness which can be shared with the relations we have made..
You can say that money does not bring happiness but I want to ask "REALLY".. Think if you had no money what would you do? You would not be able to satisfy your needs. Anyone who does not earn sufficient money suffers from depression and lack of self...
Would you buy a ticket to watch football game ??
more...  
  • Popular Knowledge
  •  
  •  
  • Popular Jobs
  •