aargee

Keep the mileage factor aside; if fuel prices were bought down to Rs 40-45 a litre, then we wouldn't be complaining on FE.

That said, Govt should encourage more private players and/or privatize IOL, BPCL & HPCL & should see the effect; not only does the quality of service will improve, but we'll only be happy to pay for fuel for the kind of service they will provide.

On a long run, these private players might form a reformation to cut down the high taxes on fuel; even if they don't do, that's what I secretly wish for

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aargee

Came across this in FB...


I know the numbers are wrong, but I hope the tax number's aren't much manipulated; even if they were, it would only be higher not low!!!

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Patience pays...The Vulture's virtue is patience and the bird always get it's food - Wise man saying

This is not a bakery. I don't sugar coat anything. If you ask for my opinion...then that's what you'll get. Don't be mad when it's not what you want to hear

Blumarine005

@Thread starter : Nice study. Though I had an idea that apart from Petrol & diseal, there are othe by-products which genereate revenue fort government but did an detailed analysis as such. Even if we have this detailed analysis, what action can be taken against the government? After all they the ones running the country..

aargee

Looks like FB has much updates; here's some more & I'm really at this numbers!!!

__________________
Patience pays...The Vulture's virtue is patience and the bird always get it's food - Wise man saying

This is not a bakery. I don't sugar coat anything. If you ask for my opinion...then that's what you'll get. Don't be mad when it's not what you want to hear

siddharth_ZMR

sorry for the previous prolonged quote....

Well these are segment results which are a part of the main company IOC.. segment results are partial and not necessarily reflect the true picture i.e. the consolidated financials of IOC...

As regards privatisation... by deregulation the govt as by de facto made them somewhat private... but complete is not recommended as every company strives for profit and we can imagine what if IOC and other companies that are operating at break-even point i.e. no profit-no loss now will start pricing if they factor the profit element...

the only way i see out is the Govt cutting down excise and VAT rates by at least to 1% for the time being... this would decrease petrol cost and also inflation rate....

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aargee

Came across; what a shame!!!

No roads, people strict in collecting taxes, poor living standards, largest slums, country with highest aids & not to mention one of the country with highest road accidents also has highest fuel prices!!!

Comparison of Global Petrol Prices across the world with India

__________________
Patience pays...The Vulture's virtue is patience and the bird always get it's food - Wise man saying

This is not a bakery. I don't sugar coat anything. If you ask for my opinion...then that's what you'll get. Don't be mad when it's not what you want to hear

sayank10

india is an utter chaos,and we indian people are mighty tolerant to everything.

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why do i race?coz i don't believe in status-quo
.^^^every finishing line is the beginning of a new race.
#overkill is underrated.
#the greatest ride is the last ride.
#how random roads may appear there is still a destination.
#i don't subscribe to co-incidence,either it is the rider or the other moron on the road.
#people keeps on saying add spark to life ,rajiv bajaj got hold of that idea and added an extra spark to his bike.
#lust has a new dimension ,naked sport.

christo

+1000.
this is what happens when populations increases like hell and most people are poor.

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Promote what you love instead of bashing what you hate.

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sayank10

and add to that the uneven distribution of money,one class is getting more than what is actually needed,one class is deprived of everything and the middle class somehow managing to squeeze in between is silent audience of great indian socio- economical drama.

__________________
why do i race?coz i don't believe in status-quo
.^^^every finishing line is the beginning of a new race.
#overkill is underrated.
#the greatest ride is the last ride.
#how random roads may appear there is still a destination.
#i don't subscribe to co-incidence,either it is the rider or the other moron on the road.
#people keeps on saying add spark to life ,rajiv bajaj got hold of that idea and added an extra spark to his bike.
#lust has a new dimension ,naked sport.

aargee

You guys are jumping from somewhere to nowhere!!! If you talk about population, ever heard population density? It means, people per square Km.

India is way lesser compared to countries like HK, Singapore, South Korea & slightly lesser than even Japan. So does that mean all these countries run into utter chaos & people tolerate to everything?

C'mon, think over. Its not the population; its the lack of ENFORCEMENT. All the law in this country is excellent, but on papers & only remains on paper.

__________________
Patience pays...The Vulture's virtue is patience and the bird always get it's food - Wise man saying

This is not a bakery. I don't sugar coat anything. If you ask for my opinion...then that's what you'll get. Don't be mad when it's not what you want to hear