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Topic : Another price hike
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'Petrol Price Hike' They wont stop with this. The Blood Suckers

Created by : Muhammed jabir rifai, Graduate in Mechanical Engineering  | 05 14 2011 16:09:49 +0000
Industry : Oil & GasFunctional Area : India(Markets)
Keywords : 'petrol price hike' they wont stop with this. the blood suckers 'petrol price hike' they wont stop stop by this. the blood suckers
Activity:  613 views;  last activity : 06 26 2011 19:37:44 +0000

The Blood Suckers

  
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Indian oil marketing companies will raise the price of petrol by Rs.5 per litre, the steepest hike of 8 percent, from Saturday midnight. In June last year, the government had allowed oil companies to set the price of petrol as per the market situation, following which they had raised the price of petrol by Rs.3 per litre. Then another substantial price rise took place in December 2010, when companies had hiked the price by Rs.3 per litre. The last time price hike was in January, when oil companies had raised the price by four to two percent. However, They are saying that they are still losing about Rs.8 per litre of petrol. That means They wont gonna stop this. Expect more with a Cycle.
By Muhammed jabir rifai, Graduate in Mechanical Engineering  05 15 2011 05:21:53 +0000
 
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nice way to control the usage of vehicles unessential!
By Rohit Thakur, Electrical Engineer-Industrial, Quality Engineering and Software Technologies  05 15 2011 17:04:15 +0000
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It has become the most easiest way of revenue generation, the nexus between oil cos and the government is really alarming. They should keep it to the maximum level so that they should not face loss but who is bothered about our pocket. You will see some really good excuses and justification in the daily newspapers and electronic media about the helplessness of government and Oil cos. Slowly but this way we are again going towards the era of cycle and bullockcarts, and people using the same would get discounts, promotions in job and special attention, it may happen India is a great country
By Mohan Murari, Marketing Manager, Confidential  | 06 26 2011 19:33:52 +0000
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In the biggest-ever price increase of the fuel, state-owned oil companies hiked petrol price by Rs. 5 per litre with effect from Saturday midnight.The steep hike in petrol price is likely to be followed by a Rs. 4 per litre increase in diesel rates and Rs. 20-25 per cylinder increase in domestic LPG price later this month.
By sampath , e-support officer, KNOAH SOLUTIONS  | 06 26 2011 14:57:40 +0000
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Jabir well said I agree with you a cycle should be ready for future.
By Rathin Deb, Freelance Retail Consultant  | 05 23 2011 13:57:56 +0000
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Yes, Auditor Governor of India informed that in Auditing the 8 Major Plans of India, around 65000 crores of rupees had not accounted. I hope, those money may rest in swiss banks and we idiots, have to pay the rates for it.
By Kandavel Raja, Project Manager, Sobha Developers Ltd  | 05 23 2011 11:28:37 +0000
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Find strange everytime the prices of petrol is increased, no reduction in taxes are done by the state and central Govt. They are only interested in filling their coffers more and more.... strange
By Soumitra Dutta, General Manager, Creative Projects & Contracts Pvt. Ltd  | 05 23 2011 11:26:37 +0000
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After the Government removed control on petrol price the price has gone up very high. One way to reduce the price is to reduce taxes like customs duty and excise duty. To reduce use of petrol we need a good and well organised public transport system, which is lacking.
By Shashi Kumar U, Manager accounts & commercial, Mazda Concrete Products Pvt Ltd  | 05 23 2011 04:39:29 +0000
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it's all nothing but concentration of wealth in the hands of a choosen few... those who fund the political parties.... it's never congress ka haath aam admi ke saath .. but congress ka haath aam aadmi ki pet pe laat
By vivekanand chaudhary, Human resource Department, HR-Officer,Transport Corporation of India ltd.  | 05 17 2011 20:20:00 +0000
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capatalism no bar in india.. jai ho
By Peeyush Chauhan, Associate/Sr. Associate -(Technical)  | 05 17 2011 16:14:16 +0000
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Oil companies are earning Triple as what they are selling,still To increse the prices is unauthorised & Completly motivated,in terms of sucking the money in a row.......
By VISHWA DEEPAK MISHRA, HR-Talent Acquisition Cum Business Development Manager, Leading IT Giant.  | 05 16 2011 19:17:43 +0000
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Yes, they will keep on increasing. Thanks for referral, Muhammed .
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 05 16 2011 11:51:44 +0000
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The show will go on Mr.Jabir....so its better to go for other options like electric vehicles.....just saw a news that some students in Faridabad has prepared a bike which will run by air compression ...they have included an air compressor used in air-conditions....and as shown in news the bike was running pretty well....
By JAYANTA KUMAR BORAH, B.Tech/B.E GRADUATE, Annamalai university  | 05 15 2011 16:18:50 +0000
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Why doubt the day light robbers. Way laiders are far better than these blood suckers. All their inefficiency and greed is put on the monopoly market. It is for the world to come out of this and start adopting alternative mode of power like electric cars and two wheelers. An electric two wheeler needs just <Rs50/month and <Rs500/month for car. It is for the smart people to switch than cribbing behind the greedy looters.
By Gopala Krishnan.H, CMD, DJA-Inc  | 05 14 2011 23:29:02 +0000
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This kind of price raise is truly unprecedented. This will have cascading effect on other commodities, hike in auto, taxi and public transport fares. Great Economist in the helm of affairs taking true care of American economy, and not Indian economy!
By S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner  | 05 14 2011 18:10:39 +0000
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Yes Jabir.. They real Blood Suckers. Both Govt and the oil companies. Almost 20 Rs hike since the june last year..
By aditya j s, Freelancer, Automobile  | 05 14 2011 16:29:45 +0000
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Well good for the ecology and the terrific traffic jam problem as well as beneficial for the future generation because if the petrol is purchased less that means the petrol is saved. Moreover there will be less pollution which will ensure more fresh air. If people will use cycle then this will benefit their health factor too. Think Positive.
By Ardhendu Pal, Upgrading Knowledge Base, Researching in Computer Software/Hardware  | 06 26 2011 19:37:44 +0000
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