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Q.

Mr Pranab Mukhejee, our respected Finance Minister says, "it's not the Government but the Oil Companies who have hiked the fuel price"...has the Government no role to play when the Oil Companies take such decisions...what an unsatisfactory justification?

Tags: money, companies, government
Asked by Sridhar, 17 Sep '11 01:15 pm
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Answers (6)

1.

Since the Government had delinked the petrol prices from its control such things happen. But the government could have reduced the custom and excise tariffs on crude which are so high to some lower level to ease the burden.
Answered by Josna, 17 Sep '11 01:19 pm

 
  
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2.

The various duties and taxes constitute 57% of the retail price of fuel in India ans another good percentage is recovered by the Oil marketting companies as distribution costs and profit.The oil marketting companies give huge dividends to shareholders and also huge salary and benefits to their employees.The govt and the oil marketting companies are looting the public together.
Answered by HEMANT MEHTA, 17 Sep '11 01:26 pm

 
  
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3.

Yes sir it is
i cnat undertand one thing if they do so much scam then wat is problem wid some subsidy enjoy by common men
if they really wnat to improve budget and reduces the loses ask their minister to control dere greed and problem is solve
Answered by greasemonkey, 17 Sep '11 01:22 pm

 
  
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4.

Oil is purchased in the international market, at various rates.. We make some contracts at concessional rates, but they are attached with trade facilities..or concessions, which we may not prefer.. In a way, the FM is right.. Only way out is to go for alternate fuel..
Answered by subhash, 17 Sep '11 01:18 pm

 
  
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5.

If the subsidiary gets cut then the companies can take independent decision..how long will we live on subsidiary system?
Answered by Anurag Sharma, 17 Sep '11 01:16 pm

 
  
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6.

Wrong
govt has a role
Answered by anil garg, 19 Sep '11 12:43 pm

 
  
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