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Topic : Should fuel prices be deregulated?
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What will be the Effects of Fuel Price Hike to Different sectors, Common Man and Indian economy??

Created by : Denip Consultants Pvt Ltd, Promoter, Denip Consultants Pvt Ltd  | 06 26 2010 13:24:21 +0000
Keywords : what will be the effects of fuel price hike to different sectors common man and indian economy??
Activity:  6780 views;  last activity : 05 27 2012 14:50:04 +0000
 
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Support the price rise. Vs Do no support the price rise.
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1) Will lead to rise in inflation sharply which is around 10.16 % already in double digit. 2) Will Lead to rise in prices in almost all sectors major sectors affected will be Transport, Auto, FMCG, Textiles. 3) The rise in LPG gas will cut the common man’s pocket deeply. 4) It will also have an impact on banking sectors as the hike may lead to rise in inflation which will urge RBI to rise interest rates thus affecting banks due to tightening of CRR. 5) The decision will help to rein in the fiscal deficit, which is projected at 5.5 percent of the gross domestic product in 2010/11 and free up revenues for other progammes. 6) State oil firms currently lose about Rs 215 crores per day on selling fuel below the imported cost. Thus it will help these companies to make profits.
By Denip Consultants Pvt Ltd, Promoter, Denip Consultants Pvt Ltd  06 26 2010 13:24:21 +0000
 
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It wont play any major impact on rich peoples & politicians , but common man will suffer
By Omkar Kulkarni, Accounts Officer, Minilec(India) Pvt Ltd  06 27 2010 16:32:05 +0000
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Still debate before one year is applicable to current situation.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 05 26 2012 10:44:18 +0000
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How many people in this country have their own vehicles? A very very small proportion. The largest proportion of people use public transport, walk or cycle. They will not be affected by any rise in petrol prices. Besides, why should these people, who constitute the majority, face the pollution caused by the minority vehicle owners. Further, why should the government subsidise petrol prices so that such people can drive around in comfort and pollute the environment. Let us move towards a more equitable and just society where the government does not subsidise the instrument of a few rich vehicle owners.
By Anjor Bhaskar, Consultant, SWaCH  | 05 24 2012 16:35:32 +0000
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Very well said by my friend Omkar, rich peoples are not bothered for price hike. Any how common person will have to suffer

But on the other hand oil price is not regulated by the government its by the oil company, govt is changing only the duties and if they reduce the duties then again it directly or indirectly impact the economy and the common men

so we should not blem directly on them as we all know that we are  the importer not the manufacturer of petroleum product, and price is set the the manufacturer 
By Ravi anand, Consultant, Strategic Analysis India  | 05 24 2012 11:47:51 +0000
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Fuel price increase is  a chain reaction. First the transportation cost will go up, this will have its effect on essential commodities which are transported on daily basis. Thus adding to inflation. Fuel price increase has its direct effect on moment of goods and services which is the back born of the economy. Hence effecting pricing of all products. Which in turn will effect the economy and increase inflation.
By Shashi Kumar U, Manager accounts & commercial, Mazda Concrete Products Pvt Ltd  | 10 19 2011 03:10:39 +0000
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FUEL PRICE HIKE BASED ON GLOBAL PRICES HAVE TO BE ACCEPTED.WE DO NOT HAVE ANY ALTERNATIVE.WHEN WE WANT TO LIVE IN COMFORTS WE HAVE TO COMPROMISE ON CERTAIN OTHER THINGS.GOVT AND OMC`S CAN NOT BE SHOULDERING THE BURDEN FOR EVER.IF THERE IS NO PRICE HIKE GOVT WILL MOBILSE REQUIRED LEVEL OF FUNDS TO COMPENSATE PRICE DIFFERENCE FROM OTHER WAYS BY IMPOSING TAXES AND INCREASING TAXES ON OTHER PRODUCTS AND SERVICES.
By s.baalu , Consultant, XYZ LTD  | 07 01 2010 13:57:30 +0000
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Yes current hike of fuel prices may effect on common man directly and indirectly because this step will support the price rise. And common man are not able to handle the burden of more inflation as they already fighting against present inflation... As Mr. Asoke explain that all effect will make their impact on common man....
By Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  | 06 29 2010 19:38:37 +0000
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It would be good for indian economy coz after current price hike we are in burden of loss...and common man suffer rite now but if policy will be best den they also will hike as strong nation
By Amit Choubey, Territory Manager, JSW Steel Ltd.  | 06 29 2010 05:51:46 +0000
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The Government subsidy on the prices of fuel has kept the prices low. But this subsidy has led to defects in government budget. This in turn effects plan out lay for other projects. It lhas come to a stage that the governmnet is no longer in a position to provide this subsidy.So the government is deregulating the prices of fuel.Now the prices will be according to the international market conditions.Once the government remove this subsidy it will have money to spend for other economic growth this will in turn will bring down the negative inpact of fuel price rise. But till such time the price rise will add to inflation. and prices of other commodities will go up. By deregulating the market the governemnt is looking for long term growth.


By Shashi Kumar U, Manager accounts & commercial, Mazda Concrete Products Pvt Ltd  | 06 29 2010 04:42:57 +0000
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This will not be a problem for corrupt officials (govt + private from bottom to top), corrupt businessmen, corrupt service providers etc. People working with agreed rate for the year will suffer.
By Biswajit Sarma, Project Manager - Construction of Raddison 5 Star Hotel, DS Group  | 06 28 2010 10:41:29 +0000
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Denip. I agree with your points. I think this is something unavoidable by the government because we are depending on other countries for our fuel. So day by day it is getting reduced, and the prices is getting increased. One way to manage this situation is to reduce the usage of fuel.

Try to save fuel as much as possible....... which in turn reduces pollution.......       
By Deepak Kubal, Media Coresspondent, Media House  | 06 28 2010 09:14:01 +0000
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Current situation points out to enter in the older days and start use of bicycles so as to save money and sustain health :-)
By Bhavin Naik, Asst. Manager-Logistics, Sahajanand Medical Technologies Pvt, Ltd  | 05 27 2012 14:50:01 +0000
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What ever the price hike, politicians and rich peoples are aready to purchase, but the middle class and monthly salary peoples only suffers
By EZHILVELAN , SRI CHEMENTOR PRIVATE LIMITED  | 05 27 2012 07:32:52 +0000
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Its all common man who is sufferer of all from their daily needs to life....
By Seema , Partner/Principal/VP, Angel Associates  | 05 25 2012 12:04:04 +0000
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Fuel price increase will certainly have its impact. First the transportation cost will go up thus increasing the price of all goods, travel, all production cost this will effect the life of common man. The so call subsidy which the Government is giving are mainly enjoyed by the rich.
By Shashi Kumar U, Manager accounts & commercial, Mazda Concrete Products Pvt Ltd  | 05 25 2012 08:43:33 +0000
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the greed of people is increased by price hike.... people want more & more..

 human wants are unlimited but resources are limited... The ground reality is different from what we expect.... so no Price rise but better social balance should be the motto
By ABHIJIT KULKARNI, Project Manager, BNP Paribas  | 10 18 2011 10:15:01 +0000
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Fuel price increase means a price increase in virtually every economic activity as we all need to move from point A to B
By Amondi Gideon, Project Manager, WAY too many places to name  | 10 18 2011 09:42:31 +0000
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no common man would evr support a price rise.. and we always are puppets in the hand of govt. so this is all v can do.. not supporting the price rise n yet hv to pay the price!
By Ketaki Agarwal, Programmer Analyst, Cognizant Technology Solutions  | 01 04 2011 16:44:05 +0000
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Fuel is the one energy used by all, irrespective of their status. But the full brunt will be beard by none other than the common person. Indian economy is booming no doubt, but it is not percolating upto the bottom line, that is the poor people. It will take some more decades to reach there.
By Lakshman , Business Analyst, iTeam Software Solutions  | 06 29 2010 14:18:35 +0000
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i am not accept in price rising becaz due to the economic inflection will goes up fual rate, even whatever being government should take people load of economy so government only reason of that price inflection
By raja , mentor, einflexion pte ltd  | 06 28 2010 11:20:14 +0000
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All cunning and shrewed thinkings of the Managers in the Govt. They want to please some by squzzing the poor. They want to fill the cofer with much fund but without touching the rich.

How poor only may suffer due to the rise ?

-- all round price rise - including all items, petty or big

Others will ultimately recover the excess expenses for fuel price rise by taxing their lower levels ... The CEO will recover the cost from the Co.

-- the Company will raise the prices of the products ultimately to be paid again by the consumers, most of which will be common man

-- a sales man will recover the excess amount from TA Bill ... ultimately Co pays and againsituation as above

-- salary earners will get enhanced DA

Now, the poor may not recover from none - they are more in number, say, 55 percent of the population. They are the ultimate victim
By ASOKE KUSARI, Domestic Private Banking-Executive/Manager, A large leading PSU Bank - India  | 06 26 2010 17:23:27 +0000
Argue for "Support the price rise."
Argue for "Do no support the price rise."
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