Petrol hike in india

The overall issue which we, a common man can understand is the government is not involved in rate fixing for petroleum products and it is given in the hands of private sectors. They still say that the international price increase is Rs. 10 approx but they have increased about Rs 5. The question is petrol is not the only product from the canal; there are various other products which give a very good profit. If oil industry is not a profitable industry no big goons like Reliance will be involved.  

One more issue is that the government should directly involve in deciding the rate increase. Since last June the price was increased 10 times and government don’t want to take the headache of deciding the rate and losing their power in central. Any government it may be.

I don’t know much about the Reliance-Bp 7.2B$ agreement, Bu t i’m sure that the Indian government lost a huge profit for an individual ( Mukesh ) profit.

IOC loses Rs. 18.19 per liter on diesel, Rs. 29.69 a liter on kerosene and Rs. 329.73 per 14.2-kg LPG cylinder. Even after these losses,. Reliance is very eager to take all the 30 staked from the country and shares with BP. An UK survey says that INDIA has surplus petroleum products for the next 7 yrs, the same will be in deficit if private companies like Reliance starts selling the refined products to European countries for a better profit. This happens for sure. 

government should take up the responsibility and make available for the middle class people who were struggling on it

The petrol rise leads to rise in necessary   needs  like milk,vegetables etc., for that the only thing we can do is protest against it  OR else it will raise up to 100/litre or more.......



source:http://www.zeenews.com/news689113.html